Document Vault Blog
Managing the due diligence process on an M&A transaction can involve multiple parties on the Buyer side who will want to ask questions of the Seller on a regular basis. Recording these questions and their answers can be a laborious process.
One of the main requirements of a virtual data room is to restrict access to individual files and folders to the extent that if a user is not intended to see a document, he or she shouldn't know it exists.
The decision over which data room product to buy can often come down to the answer to one question - "how much storage do we require"?