You need a fast virtual data room to run your M&A transaction efficiently. There is nothing more frustrating than having a virtual data room that becomes a bottle neck in your process. These are the 5 factors that we continuously work on to make us the fastest.
1 Clean, fast, intuitive Design: No Need To Learn Anew There is so much information being thrown our way that the value of a clean interface is often overlooked. When it comes to work, you do not want to be learning how to use a Virtual Data Room. The design should be intuitive enough to have a zero learning curve with the brain adapting in no time. Speed in this case would mean finding what you want quickly.
2 Should Not Take More Than A Few Seconds To Load If your internet is fast then the response of the Virtual Data Room should be just as fast. The faster your internet, the faster the data room. Even with a 4 mbps connection this should mean seconds.
3 When 100s Are Accessing The Same File, The System Should Not Slow Down Virtual Data Rooms are utilized during M&A processes. During such a process, due diligence is carried out simultaneously as different companies from different regions get access to the same files. When hundreds of lawyers and bankers are opening the same document at the same time, the response of the Virtual Data Room should be just as zappy as if only one person was opening the file.
4 After Getting Access To A File, Every Subsequent Access Should Take A Second To Verify The User Imagine you have been given access to a data room which contains 5 GB of data. That is alot of information! Let’s say it takes you 20 minutes to initially open all the files. The next time that you open the same files, it should not take another 20 minutes! The fastest virtual data room in the world will be able to verify that you are the same user within a second!
5 Every Feature Including Q&A Should Be As Fast As The Rest Of The Site Q&A enables all the users in a Virtual Data Room to ask questions and get responses within the platform. Sitemaps allow a user to view all the files in a data room that the user has access to. Bulk uploads allow the administrator to add new documents to the data room. Such features among others are process intensive but should not influence the speed of the platform in anyway. It should be as quick as logging in for the first time!
The fastest Virtual Data Room in the world will be so quick that between the click of your mouse and the response of the website should take a second or less. A lot of work goes on behind the scenes to ensure that when thousands are accessing the same documents the response to all the thousands are as quick as if only one person were on the data room. EthosData is known to be one of the fastest Virtual Data Rooms in the world!
