Finding the best VDR service will depend on the specific Virtual data room solutions needs of your scenario. Whether you are seeking a secure online repository to save and share sensitive information or a smart VDR that improves collaboration in due diligence, it all depends on what you need. The number of participants, the length of the project, and the type of data all influence which features are needed. Consider whether the users are internal or external and whether they are technical or not. Ideally, your selected VDR should be scalable, and provide both general and industry specific function.
Select choose a VDR with activity tracking and reporting capabilities to ensure security, transparency and compliance. You should consider tools that allow you to monitor and analyze in real-time the downloads, uploads and users behavior. Drill-down and audit logs turn information into digestible insights that make it easier and more efficient to conduct due diligence processes. Search functionality should also be robust with optical character recognition for images and PDFs as well as filters to reduce the number of files to a specific file type, status, or even viewing activity. Support for customers is available 24 hours a day to assist new users navigate data structures and set access levels.