The best vdrs are simple to use and integrates with your workflows. The possibility of installing preferred integrations, like it can help smooth the transition for teams used to working with tools such as Microsoft OneDrive or Slack. An intuitive user experience will enhance efficiency, as well. If a VDR requires an extensive learning curve to master it could hinder the process of negotiating and add unnecessary steps.
A reliable VDR also allows you to monitor who has viewed which documents. You should look for activity tracking at the page level to track the files that have been viewed and by whom, when, and for how long. You can also stop users from printing or downloading sensitive files. This is perfect for sensitive IP, or when you want to keep information shared between certain people in a secure manner.
Private equity and VC firms are often faced with numerous documents all at once, and having a an organized system for organizing is essential to their success. The best VDR can help to organize these documents and move them quickly through due diligence. VDRs are also beneficial for these groups since they have a Q&A module that lets experts answer questions without revealing details about the person who submitted the question. Look for customizable reports and at-a-glance data analytics that can be easily accessed during internal meetings. These capabilities can make the difference between an effective deal and an unsuccessful one.