Finding the Right Virtual Data Room Software
Virtual Data Room Software creates an online, secure space to upload, store and management of documents that are time-sensitive. Due diligence is typically utilized to facilitate M&As capital raises, and audits. VDRs are a useful tool for companies in the life science and technology sectors. They keep research results including clinical trial data as well as other information that is proprietary.
You must look beyond the list of features and functionality provided by a particular vendor to determine the VDR that is most suitable for your needs. Consider also the customer reviews and employee ratings on third-party sites like Trustpilot and Glassdoor. It is recommended to choose a company that has been around for a while and has built a solid base of reliable evaluations.
You should look for a simple, user-friendly interface that allows you to upload and find files. It’s also helpful if a VDR has a wide range of formats for files, supports various languages and has a range of collaboration tools.
Make sure that the VDR you choose has comprehensive security features. Ideally, it should support two-factor authentication and offer password protection and IP-address-based access restrictions. It should also be able to support granular sharing, document watermarking and other features. It should also allow advanced reporting, which allows you to track all activity right down to individual files views and downloads.
Find 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 add your company logo to the email and login templates as well as to set permissions on the partner account.