Finding the Right Virtual Data Room Software

Virtual Data Room Software creates an online secure space for the upload, storage and management of documents that are time-sensitive. Common uses include the facilitation of due diligence for M&A capital raises, audits and tenders. VDRs can be a valuable tool for companies working in the technology and life science sectors. They store research results, data from clinical trials and other private information.

You should look beyond the list of features and functionality that a vendor offers to determine the VDR which best meets your needs. Consider also the customer reviews and employee rating on third-party sites like Trustpilot and Glassdoor. It is important to select the service provider who has been in business for a long time and has a good foundation of reviews.

Look for a simple, user-friendly interface that makes it easy to find and upload files. It’s advantageous to know that the VDR supports multiple languages, provides various formats for files, and offers several collaboration features.

Be sure that your VDR that you select has comprehensive security features. Idealy, it should support two-factor verification, and provide password protection, as well as IP address-based access restrictions. It should also permit the sharing of documents in granular fashion and allow document watermarking. In addition, it should provide advanced reporting that enables you to see detailed details of activity, down to individual views and downloads.

Also, consider an VDR that lets you modify its appearance and functions to suit your company’s brand. FileCloud, for example allows you to add your company’s logo to login and email templates, as well as assign permissions on the account of your partner.

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