Virtual Data Room Software creates an online, secure space to upload, store and management of documents that are time-sensitive. Common uses include the facilitation of due diligence for M&A, capital raises, audits, and tenders. For companies in the life science and technology sectors, VDRs are particularly important to store research results such as clinical trial results and other private information.
You should look beyond the list of features and capabilities provided by a particular vendor in order to find the VDR that best suits your requirements. Also, consider the reviews of customers and employee rating on third-party websites like Trustpilot and Glassdoor. It is Virtual Data Room Software crucial to select a service provider that has been operating for a while and has a strong base of reviews.
Look for an interface that is easy to use and makes it easy to upload files and find them. It’s also helpful when a VDR has a wide range of formats for files, is compatible with several languages and comes with a range of collaboration tools.
Make sure your VDR that you select has comprehensive security features. Ideally, it should have two-factor authentication and offer password protection, as well as IP-address based access limitations. It should also provide granular sharing, document watermarking and other features. Finally, it should enable advanced reporting that allows you to see detailed details of activity, down to individual views and downloads.
Find the VDR that lets you alter its appearance and features to reflect your brand’s image. FileCloud, for example lets you add your company’s logo to email and login templates and also set permissions on the account of your partner.