When selecting a virtual data room to conduct your due diligence, select one that has a variety of features and the ability to adapt to different platforms. iDeals Solutions, for example offers support for all-sized businesses in various industries, offers an intuitive user interface and flexible viewing modes, and offers a trial period to test their software before you sign up for a complete plan. Furthermore, their flat-fee pricing model and customer support team are ideal for M&A due diligence as well as for other transactions that are crucial to business.

Another crucial aspect to look for in the data room is logical file structure planning. To avoid messy files, consider creating a structure for your folders that is a reflection of the timeline of the project. It also splits files based on their degree of confidentiality (e.g. financial, legal or HR). This will allow contributors to locate the documents they require, and also ensure that all documents are incorporated with due diligence.

Additionally, you should ensure that the platform is secure for both external and internal users. Verify if the company’s security features include 256-bit AES encryption, data center uptime, ISO 27001 certification, and digital rights management. Select a provider that allows you to control the limits on document downloads as well this link as prints, while also allowing remote shredding.

It is vital to use the best due diligence software available no matter if your business is planning an M&A or capital raising or an IPO. Choose a secure, simple, plugin-free, and always available VDR that will simplify the process of due diligence and speed up the process of executing deals.