Online Data Room (ODR) is a cloud-based document management platform which allows users to share, edit and browse documents with fine-grained permissions. It is utilized by M&A, due diligence, capital raising and other business transactions to ensure security and compliance with regulatory requirements.
If you’re in the process of preparing for an IPO, merger or sale, it takes many forms of documentation and focus on detail to comply with the federal and local regulations and ensure that all information is accessible to potential investors and buyers. Ansarada is an VDR which streamlines the process by providing an automated checklist. It’s also helpful for other transactions, like restructuring or strategic reviews.
Once you’ve signed-up to the service, you can log in with an encrypted password and begin uploading documents. Some VDR providers offer a drag-and-drop feature that lets you upload multiple files at once. You can then set up access rights and select different viewing options for each group of users (e.g. read-only full-access, read-only). You can also debar access to documents, even after they’ve been downloaded.
Some VDRs also allow you to alter the appearance and feel using watermarks and branding features. Some VDRs come with a search feature that allows users to quickly locate text and to automatically erase confidential data. Many of them come with API integrations, which allow you to connect to other systems. Some have backups to protect against data loss. They’re often utilized by investment banks and law firms to facilitate M&A and restructuring.
