Virtual Data Room Software creates an online, secure environment for upload, storage and management of documents that are time-sensitive. Common uses include helping with due diligence for M&A, capital raises, audits and tenders. For companies operating in the life science and technology sector, VDRs are particularly important to store research results as well as clinical trial data and other proprietary information.
Finding the best VDR for your particular needs requires more than just looking at a vendor’s list of functions and features. You should also consider customer reviews and employee ratings from third-party sites such as Trustpilot and Glassdoor. It is best to select an organization that has been in business for a long time and has accumulated a solid base of reliable reviews.
Look for a simple, user-friendly interface that makes it easy https://dataroomtrade.com/the-5-key-benefits-of-using-an-online-data-room/ to find and upload files. It’s also helpful if a VDR has a wide range of formats for files, supports various languages and has a range of collaboration tools.
Check that the VDR you choose includes comprehensive security features. Ideally, it should provide two-factor authentication and password protection as well as IP address-based access restrictions. It should also provide granular sharing, document watermarking and other features. Furthermore, it should offer advanced reporting that enables you to view detailed information down to individual file views and downloads.
Finally, look for an VDR that lets you customize its appearance and functionality to fit your company’s branding. For instance, FileCloud enables you to include your logo on the login page and email templates as well as assign permissions to partners at the account level.