VDR Features That Are Most Important For Companies Evaluating Virtual Data Rooms

VDR features that are most important to companies considering virtual data rooms are security scaling, scalability, accessibility and support. Security features include virus and malware scanning multifactor authentication, firewalls, and advanced encryption to safeguard uploaded data. Audit logs are detailed records of everything that happens in the VDR. This includes downloads, views and modifications to folders and documents. VDR admins have the option to design custom watermarks, which include a name as well as a time stamp to each file downloaded.

A great VDR should allow users to modify the interface and notifications, as well as support should be available via in-app live chat or phone, as well as email and help centers that feature product videos. The VDR should be compatible with Apple, Android and Blackberry devices without the need for additional plugins. Advanced text search enables quick and simple review of documents, files and folders. Folder organizing tools should provide a an orderly and logical structure with tags adding an extra layer of flexibility. A Q&A section allows users to ask questions and receive answers on specific documents or folders.

Private equity and venture capital firms have several clients at the at a time, which makes them to share huge amounts of information quickly and efficiently. For these situations the VDR is the ideal option to ease due diligence and make the process more efficient. Other industries that find VDRs useful include life science, technology, and financial services. VDRs allow these businesses to facilitate the sharing of confidential information during litigation with clients lawyers and third parties.


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