audit tools in digital storage platforms
When it comes down to the sensitive files that are shared in M&A transactions, there is no room for mistakes. Data breaches, miscommunications and other blunders in deals can be costly and time-consuming and can disrupt the entire transaction. VDR solutions today offer superior security and functionality for much less than older technologies.
The most reliable virtual data room platforms are flexible and user-friendly designed to meet the specific requirements of a particular workflow or transaction. You can customize the virtual data room to incorporate the features and permissions you require while providing authorized users with access to sophisticated due-diligence tools, such as watermarking, role based security, antivirus scanning and two-factor authentication.
CapLinked’s hierarchical tags system, for instance, enables administrators to organize virtual data rooms into sub-categories according to the type of document. This can speed up due diligence. You can track document-viewing activities with a variety reports such as a “heatmap” by user group as well as different charts that show who has viewed which documents and for how much time.
Venture capitalists, private equity firms and other investors often examine multiple deals simultaneously. This requires a lot of information to be organized. The ability to bulk upload documents and later sort them into easily navigable groups and folders helps speed up the due diligence process and allows you to close more deals in a shorter time.