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As the number of small-business deals that involve M&A continue to rise and the importance of using VDR for deal success can’t be overstated. The appropriate VDR can determine the success or failure of the deal, speeding up the due diligence process and making a smoother and more efficient transaction. In this article, we look at the best practices for choosing the best VDR to facilitate M&A transactions of various dimensions and complexity.

A VDR that is part of an Investment Bank will make every transaction as seamless and effortless as is possible for buyers as well as sellers by providing access to sensitive information in a secure setting. This can streamline the process and help reduce miscommunications and confusions.

VDRs can also be useful in helping negotiate and sign a non-disclosure agreement (NDA) with third parties. This reduces the time and effort involved in the negotiation process. Many modern VDRs allow you to build automated workflows, including eSignatures for NDAs with just a couple of clicks.

VDRs also have the capability to integrate data with third-party platforms and software like Office 365. This can greatly simplify the transfer of data between systems and platforms, reducing or eliminating delays, and ensuring the most current version is available.

Many VDRs offer file-level security features like digital rights management (DRM) which restricts the ability to print, copy or distribute files outside of the VDR. They can also include access control and activity tracking to guard against data theft from unauthorised users. You should look for a VDR that has features specific to the industry such as compliance certifications like FedRAMP, FINRA, HIPAA or GDPR. Find an VDR that has a drag-and drop interface that permits third parties to upload their documents without having to sign up for an account or install any software.