Virtual Data Room Software creates an online, secure environment for upload, storage and management of documents that are time-sensitive. Due diligence is typically used to facilitate mergers and acquisitions, capital raises, and audits. For companies in the life science and technology industries, VDRs are particularly important for storing research results as well as clinical trial data and other information that is proprietary.
You must look beyond the list of functions and features provided by a vendor to determine the VDR that best suits your needs. Consider also the customer reviews and employee rating on third-party sites like Trustpilot and Glassdoor. It is important to select a service provider who has been operating for some time and has a good base of reviews.
Find an interface that is simple to use and makes it easy to upload and locate files. It’s advantageous to know if the VDR supports multiple languages, offers a wide range of file www.dataroomportal.com/virtual-data-rooms-for-mergers-and-acquisitions/ formats, and includes various collaboration features.
Make sure your VDR of choice comes with comprehensive security features. It should be able to support two-factor authentication and offer password protection as well as IP address-based access limitations. It should also allow granular sharing, document watermarking and other features. Finally, it should enable advanced reporting that allows you to view detailed information down to individual file views and downloads.
Find look for a VDR that lets you alter the appearance and functions of its interface to match your brand. For example, FileCloud enables you to add your logo to the login page and email templates and also to set permissions at the partner account level.