Virtual Data Room Software creates a secure, online space for upload, storage and management of documents that are time-sensitive. Common uses include facilitation of due diligence for https://dataroomportal.com/ M&A, capital raises, audits, and tenders. For companies operating in the life science and technology industries, VDRs are particularly important to store research results, clinical trial data and other private information.
You should look beyond the list of features and functions that a vendor offers in order to find the VDR that is most suitable for your needs. You should also take into consideration the reviews of customers and employees on third-party websites like Trustpilot and Glassdoor. It is best to select an organization that has been around for a while and has built a solid base of reliable reviews.
Choose an interface that is simple to navigate and easy to upload and search for files. It’s also beneficial if a VDR provides a variety of formats for files, is compatible with multiple languages and provides a range of collaboration tools.
Make sure that the VDR of choice has comprehensive security features. Idealy, it should support two-factor authentication and offer password protection as well as IP-address-based access restrictions. It should also support document watermarking, granular sharing and other features. Finally, it should enable advanced reporting that allows you to see detailed activity down to individual file views and downloads.
Look for look for a VDR that lets you alter the appearance and functions of its interface to fit your brand. FileCloud, for example allows you to include your company’s logo on the login and email templates and also set permissions on the partner account.