Virtual Data Room Software is an online secure space that allows for the uploading, storage and management of time-sensitive data. Common uses include the facilitation of due diligence for M&A, capital raises, audits and tenders. For companies operating in the life science and technology sectors, VDRs are particularly important to store research results, clinical trial data and other private information.
You must look beyond the list of features and capabilities provided by a particular vendor in order to find the VDR that is most suitable for your needs. Take into consideration customer reviews and employee ratings on third-party websites like Trustpilot and Glassdoor. It is recommended to choose an organization that has been around for a while and has built up a solid base of reliable evaluations.
Look for a simple, user-friendly interface that allows you to upload and search for files. It’s also helpful if the VDR offers a variety formats, supports different languages, and offers various collaboration tools.
Be sure that your VDR that you choose has complete security features. It should, at a minimum, support two-factor authentication and offer password protection as well as IP address-based access restrictions. It should also permit the use of granular sharing and document watermarking. It should also provide advanced reporting, which allows you to view all activity, down to individual files views and downloads.
Then, you should look for an VDR that allows you to due diligence data room modify its appearance and functions to suit your company’s brand. FileCloud for instance allows you to add your company’s logo on the email and login templates as well as to set permissions for the partner account.