Sure, disadvantages are also present in the using of VDR.
Nothing is perfect.
a bunch of features yet to be implemented, and they are being implemented constantly, just while you are reading this, they are implemented according the tasks of customers. While in line with the release of KPMG, dated the 1st of September, analysts predicted that the desire and capacity for MA transactions among the largest companies of the world will increase over the next 12 months.
Due diligence is often considered to be crucial to the success of a deal.
Data room is a necessary ol for due diligence. Physical data rooms played this role before the Digital Age, and virtual data rooms come to the leadership nowadays.
It’s an interesting fact that the main function of this ol is to facilitate access and use of the data in MA transactions, and this sharing of corporate documents must be done in an extremely secure way.
VDR is ‘IT based’ due diligence tool, that provides many privileges, to compare with the physical rooms.
So it’s at least a very important part of a transaction. Classic burglar can do nothing with it, virtual data room exists online, not inside any physical walls in some physical place. Documents in VDR are still unreachable for that criminal, while the user applies 2 step verification, even if a burglar has stolen the IT device of the person who is an user of virtual data room. So this method makes the theft or loss of the IT device not more dangerous in regard of the VDR secret content, than a veggie in regard to cattle. It’s impossible to hack ‘256Bit’ SSL Encryption, used by some providers of VDR, and watermarking is a great help for security.