VDR software is a cost-effective and easy-to-use solution for sharing and storing files. It assists with due diligence, collaboration and many more. It is perfect for M&A as well as loan syndication and corporate due diligence. It can be used across multiple devices and scales up for large-scale projects. VDRs are also famous as facilitating a speedier, more efficient process of dealmaking. They can also make a business sale more efficient. A VDR could be a time – and money wasted if the users are not able to utilize it correctly. To help ensure the success of the VDR business should select a provider with a proven track record and comprehensive features.
It is recommended to choose an VDR which allows you to customize your user interface and integrate it with third-party applications like Microsoft Outlook and Office 365. Take into consideration whether the VDR has multiple languages available and supports different formats for files. A top-quality provider will offer in-app, phone and email support for multilingual customers as well as product videos and a comprehensive knowledge base.
Make sure the VDR has audit trail functionality. This can help companies comply with regulations, find lost files, and identify unathorized access to the platform. It can also encourage user accountability and provide insights in the case of crisis or disaster.
Another crucial aspect is the ability to stop the use of unauthorised screen shots of documents. This is particularly crucial when dealing with highly sensitive information. A reliable VDR automatically watermarks a document to prevent anyone without authorized access from taking a screen shot. It should also offer the option of the user to set their own permissions in granular ways and two-factor verification.
