Virtual Data Room Software creates an online, secure environment for upload, storage and management of documents that are time-sensitive. Due diligence is commonly utilized to facilitate M&As capital raises, and audits. VDRs can be a beneficial instrument for companies operating in the life science and technology sectors. They keep research results as well as data from clinical trials and other confidential information.
You must look beyond the list of functions and features that a vendor offers to find the VDR that best suits your needs. Also, consider the reviews of customers and employee rating on third-party sites like Trustpilot and Glassdoor. It is best to select a provider that has been in business for a long time and has built a solid foundation of credible reviews.
Find an interface that is easy to use and makes it simple to upload and locate files. It’s also helpful if the VDR has a wide range of formats, supports several languages and comes with various collaboration tools.
Ensure that the VDR you choose comes with comprehensive security features. Idealy, it should support two-factor verification and offer password protection, as well as IP-address-based access limitations. It should also permit the use of granular sharing and document watermarking. It should also allow advanced reporting, which allows you to track all activity right down to individual file views and downloads.
Find the VDR which allows you to customize the appearance and functionality of its interface to reflect your brand. For instance, FileCloud enables you to add your logo to the login page and email templates as well as give permissions to partners at the account level.