Virtual Data Room Software creates an online, secure space for the upload, storage and management of time-sensitive documents. Common uses include facilitation of due diligence for M&A, capital raises, audits, and tenders. VDRs can be a beneficial tool for companies operating in the life science and technology sectors. They are used to store research results and data from clinical trials, and other proprietary information.
You must look beyond the list of features and capabilities that a vendor offers to find the VDR which best meets your requirements. Be sure to look at the customer reviews and employee rating on third-party sites like Trustpilot and Glassdoor. It’s important to choose a service provider that has been operating for some time and has a good base of reviews.
Choose an interface that is simple to navigate and easy to upload and locate files. It’s also helpful when a VDR offers a variety formats for files, supports different languages, and offers various collaboration tools.
Make sure that the VDR you select has extensive security features. It should, at a minimum, support two-factor authentication and offer security for passwords and IP-address-based access restrictions. It should also permit document watermarking and sharing at a granular level. It should also permit advanced reporting, which allows you to track all activity right down to individual files views and downloads.
Find A VDR that lets you alter its appearance and features to reflect your brand’s image. For example, FileCloud enables you to include your logo on the login page and email templates, as well as to assign permissions to partners at the account level.