What to Look for in a VDR Software

The best vdr software is designed to make it easy to use and integrates with your existing workflows. The capability to install preferred integrations, for example, can make the transition more seamless for teams that are used to working with tools like Microsoft OneDrive or Slack. A user-friendly experience can increase efficiency, too. If a VDR has an arduous learning curve, it can impede the dealmaking process by adding unnecessary steps.

A reliable VDR also allows you to track who has viewed what documents. Check for page-level activity tracking to see which files have been viewed and by whom, what time and for how long. You can even prevent users printing or downloading sensitive files. This is great for sensitive IP or when you need to keep your information private between a small group of people.

A simple and efficient organization process is crucial for VCs and PE firms, who are often dealing with reams at a time. The right VDR can aid in the organization of these reams and aid in the process of completing due diligence efficiently. VDRs are also useful for these groups as they include a Q&A function, which allows experts to answer questions without disclosing details about the person who submitted the question. You can find customizable reports and data analytics at a glance that can be accessed easily during internal meetings. These features can be the difference between a deal that’s successful or not.

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