Everyone knows that completing an M&A transaction requires giving your company’s confidential information to outsiders. It is very risky, inconvenient, time-consuming, and energy-consuming, but using EthosData VDR you can solve the problems of concluding a financial transaction in two accounts. In this article, we will do an overview of this provider and its main offerings.
EthosData – what is it, its features?
EthosData is a clear and simple business space called a virtual data room that helps both parties to a transaction to simplify and automate the process as much as possible. It also helps save time and increase the privacy of all the processes that take place between them, including increasing the security of sensitive data.
The Data Room helps with transactions such as mergers and acquisitions, initial offer preparation, fundraising, and due diligence. The provider has been repeatedly rewarded for its hard work and diligence by international compliance services. Deployment of VDRs is extremely simple, and any authorized user can access the information they need without connecting to third-party programs or installing plug-ins. Thanks to the Q&A feature, users can address important questions among themselves in a completely secure environment and not get confused. And when a transaction comes to an end, VDR automatically archives the room with all the data and events that took place in it.
The main advantages of EthosData
The provider provides a lot of extensive options and benefits to its customers, and we’ll look at each of them in more detail below:
- Simplicity and Savings
Provider provides a simple solution that helps you save your precious time, and this is very important in today’s business. Simplicity refers to the fact that the user can quickly and easily get access to all the necessary information in seconds from any location and device. This way both parties can focus their attention on the real issues and not on the meeting or other secondary matters
- Flexible multi-language interface
The program interface is very easy to understand and straightforward, and you also can customize the display to match your company’s branding and logo. The support service of the provider also provides training on how to use the program if you have any questions. The fact that the platform supports many languages is also undoubtedly a plus
- No plug-ins
The absence of additional plugins gives the clients of this VDR the advantage of saving time and confidence in processing their transactions. Access multiple documents or folders at the same time without the need for plug-ins
- Real-time email notification
When any user makes changes or updates to the VDR space, other users are instantly notified by email. This way everyone is guaranteed to stay up to date and this is the feature that allows you to quickly answer your colleague’s question in the Q&A section
- Transaction activity tracking and analytics
Transaction analytics allows VDR administrators to keep track of other users’ activities in documents and throughout the entire space. This is not only an extra security feature but also a strategy to understand what the third party is most interested in in your company
- Ability to create a separate page for terms and conditions
Ethos Data has a unique feature, thanks to which you can create terms and conditions on a separate page. The parties involved in the transaction can view this page for a better understanding of all the terms and conditions. So before they can go into any document and view it, they have to accept the special conditions.