VDR software is a cost-effective and user-friendly solution to share and store files. It also assists with due diligence and collaboration. It is ideal for M&A as well as loan syndication and corporate due diligence. It can be utilized across many devices and scales up for large-scale projects. VDRs are famous for their capability to facilitate a more efficient and speedier process for dealmaking. They can also accelerate a sale for a business. A VDR can be a time – and money waste if users aren’t able to use it correctly. To help ensure the success of the VDR, businesses should choose a vendor with a solid track record and a wide range of features.
Choose an VDR that allows you to customize the user interface and integrate with third-party applications like Microsoft Outlook, Slack, and Office 365. Take into consideration whether the VDR has multiple languages available and can handle different formats of files. Top-tier providers will offer multilingual customer service via email, phone, and in-app. They may also have product videos as well as a vast knowledge base.
Make sure the VDR has an audit trail feature. This will allow companies to comply with regulations, locate deleted files, and also identify unathorized access to the platform. It can also promote accountability of users and provide information in the case of a dispute or catastrophe.
Another significant feature is the ability of preventing the use of unauthorised screenshots. This is especially crucial when dealing with highly sensitive information. A good VDR automatically watermarks documents to stop anyone with no access from leaving with an image of the screen. It should also offer the option to allow granular settings for permissions and two-factor verification.
