C H R O N O H I G H - T E C H

Une même expérience pour toutes vos envies

When external parties review documents from a company whether they are auditors, legal counsel, or regulators, they have to be able to do so in an easy and convenient way. This capability is provided by a virtual data room (VDR) that allows companies to securely share documents remotely, without any compromise to privacy or intellectual property.

When selecting a VDR for your business, search for one that is user-friendly and offers customizable features. This will ensure that everyone has an understanding of the program and can use it easily without causing unnecessary delays in due diligence and collaboration processes. Find a provider that allows internal control over access with statistics available to see who has viewed or downloaded, saved, or printed files.

Consider how often your business will be using it, the size and type files you’ll need and upload, and the number of concurrent users you’ll need to anticipate. This will allow you to evaluate prices and narrow your list of providers.

Then, find a provider that can integrate with other software tools such as CRM apps or Slack, to reduce the need for manual transfer of files. This can increase efficiency and avoid miscommunications, which can cost you money in M&A or during due diligence. Also, look for at-a-glance reports that give C-suite executives the high-level overview they need to keep track of progress throughout a deal.

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