Investors are able to share all types of startup documentation by using a 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 accelerates transactions and expands the pool of interested parties which increases demand and the value.

A VDR is a valuable tool for investment banks especially in M&A cases. By keeping track of document views and user activities the investment bankers can pinpoint people who show a strong interest in a transaction, helping to determine the most appropriate time for the completion. They can also make use of a VDR’s fence view feature to share partial documents with external parties without compromising sensitive information.

Another key feature for investment banks is a more granular level of document access rights. They can limit those who have access investigate this site to sensitive documents by limiting the access to download, view or edit them. VDRs can also be used by administrators to specify a date and time for the expiration of documents which ensures that outdated documents are automatically deleted.

A great VDR should be simple to use and reliable. It should also be fully compliant. This is especially important for investment bankers who have to comply with strict compliance requirements. A good VDR provides an extremely secure and reliable platform for collaboration both internally and externally. It also provides 24/7 assistance. One example of a highly-reliable VDR is Intralinks, which has received excellent user reviews and has advanced collaboration features. It offers a variety of security protocols such as data and communications encryption and two-step logs. It also has an independent infrastructure and hosting centers.