vdr providers are certified vendors of secure cloud software and document repositories that conform to the requirements of digital standards to store documents boost online records management for business in an online environment. They offer advanced security, with granular control of permissions, and allow collaboration between team members and external parties. They are essential for due diligence, mergers, acquisitions, fundraising, and for many other purposes.

A good VDR will have an intuitive user interface that is easy to navigate, as well as an application for mobile that makes it easy for users to navigate and upload files and access information quickly. They will also provide numerous support resources, such as FAQs or training materials, as well a team of customer service representatives that can help with any issues or questions. Depending on the plan, they might provide live chat or phone support, and are available during business hours or 24/7.

Certain vdr companies specialization in specific industry needs. Intralinks, for example, offers unique features to companies in the biotech or pharmaceutical industries. CapLinked is another example that specializes exclusively in M&A transactions involving mid-to-large-sized companies. Other VDR providers, like DataSiteOne and Firmex have a wealth of experience facilitating M&A deals for Fortune 500 companies. Others, such as Ansarada are experts in international transactions.