Virtual Data Room Software creates an online secure space for the upload, storage and management of time-sensitive documents. Due diligence is typically utilized to facilitate M&As, capital raises and audits. VDRs can be a valuable tool for companies operating in the technology and life science sectors. They can store research findings and data from clinical trials, and other proprietary information.

The right VDR to meet your specific requirements is more than checking out a vendor’s list of features and functions. You should also consider customer reviews and employee ratings on third-party websites such as Trustpilot and Glassdoor. It is essential to choose a service provider who has been in business for a long time and has a good base of reviews.

Find an interface that is easy to use and makes it simple to upload and locate files. It’s also beneficial if a VDR provides a variety of file formats, supports multiple languages and provides various collaboration tools.

Make sure your VDR of choice comes with comprehensive security features. Ideally, it will provide two-factor authentication, as well as password protection and IP address-based access limitations. It should also allow the sharing of documents in https://dataroomportal.com/virtual-data-rooms-for-mergers-and-acquisitions/ granular fashion and allow document watermarking. It should also allow advanced reporting, which allows you to monitor all activity to individual file views and downloads.

Look for a VDR which allows you to customize the appearance and functionality of its interface in line with your brand. For instance, FileCloud enables you to include your logo on the login page and email templates, as well as create permissions at the partner account level.