What to Look for in a VDR Software
The best vdr program makes it simple to use and integrates into your existing workflows. For instance, the capability to integrate preferred integrations could help make the transition smooth for teams who have become familiar with working with tools such as Microsoft OneDrive or Slack. A user-friendly interface will boost efficiency. If a VDR has an extensive learning curve it can impede the dealmaking process by adding unnecessary steps.
A quality VDR can also keep track of who has seen which documents. You can monitor page-level activity to track who has viewed what documents, when, and for how long. You can also stop users from printing or downloading sensitive files. This is perfect for sensitive IP, or when you need to keep information confidential between a select group of people in a secure manner.
A simple and efficient organization process is essential for VCs and PE firms who are usually dealing with large volumes of paperwork at a time. The best VDR can aid in the organization of these reams and assist them in completing due diligence in a speedy manner. Other features that assist VDRs work for these groups include a centralized Q&A system and a feature that forwards questions to experts and enables them to answer questions without disclosing data submitted by the submitter’s PII. Find customizable reports and data analytics at a glance that can be easily accessed during internal meetings. These capabilities can make the difference between the success of a deal and one that is unsuccessful.
