Avoid Costly Mistakes With Free Data Room Services


Data rooms help to expedite the due diligence process during M&A and capital raising, simplify business transactions, and secure sensitive information. The dedicated virtual data rooms are more secure than standard tools for sharing files and can be tailored to meet the specific requirements of a business. However, some businesses believe that they can save money by using free virtual data room services instead. This is a risky assumption because data rooms with no cost are more vulnerable to theft and privacy breaches that can be costly or impossible to fix.

To avoid costly errors and ensure the success of your VDR project, choose an option that comes with advanced features bundled in a cost-efficient package. For instance, a great VDR provides an automatic file index, as well as an interactive watermark that adds the email address of the recipient to the document in real-time to prevent screenshots. It also has advanced expiry options and DRM to block unauthorized printing and sharing. It should also offer an adjustable client portal, client/partner portal and a simple yet simple graphical user interface that’s equally clear for the CFO and accountants at entry-level.

A reliable VDR should be compatible across an array of operating systems and mobile devices. It should also include extensive reporting capabilities that turn activity audit logs into useful reports. Visual analytics should be accessible to ease and improve M&A and due diligence processes. It will also allow users to set access rights that align with each user role.