Checklist
Choosing a data room for due diligence audits
In the context of a due diligence audit, a virtual data room provides all kinds of benefits for sellers and bidders alike. In practice, virtual data rooms have become the solution of choice ahead of physical data rooms.
A huge advantage of virtual data rooms is the speed with which parties at different locations can be given access, as is the structured provisioning of relevant data.
Given the number of virtual data room providers now on the market, it is not always easy to choose a solution. With this in mind, the following checklist can help you pick the right data room provider to suit your requirements and ensure that your transactions are completed securely and efficiently.
The checklist provides detailed explanations of five important criteria:
The security of the data room
The reliability of the provider
Ease of use
The data room functionality
Service and support
