Investors can share all types of startup documents by using the virtual data room. This includes permits, contracts, licenses, intellectual property, financial statements and more. This lets investment bankers save time and energy by conducting due diligence more efficiently. This speeds up transactions and widens the pool of interested parties, thereby increasing demand and value.
A VDR can be an effective tool for investment banks especially in M&A cases. By observing document views and the activities of users they can spot people who show a strong interest in a transaction and help them determine the optimal timing to complete the transaction. They can also make use of the fence view feature in VDRs to share documents that are not complete with other parties without compromising sensitive information.
A more granular level of access rights to documents is an important characteristic of investment banks. They can restrict who can access sensitive documents by restricting who can view, download or edit them. VDRs allow administrators to set an expiration date and time, making sure that outdated files are automatically deleted.
A quality VDR should be simple to use, reliable, and conforming. This is especially important for investment banks, who must adhere to strict compliance standards. A reliable VDR can provide a safe and reliable platform to collaborate with both external and internal partners as well as support 24 hours a day. A great example of a reliable VDR is Intralinks, which has received a number of positive reviews from users and provides advanced collaboration features. It also boasts a comprehensive range of security protocols, including data and communication encryption, two-step logging, independent infrastructure and hosting centers.