Virtual Data Room Software creates an online, secure environment for upload, storage and management of time-sensitive documents. Common uses include the facilitation of due diligence for M&A https://dataroomtrade.com/what-is-a-data-room/ capital raises, audits and tenders. VDRs can be a valuable tool for companies working in the technology and life science sectors. They keep research results, data from clinical trials, and other proprietary information.
You need to look beyond the list of features and functionality offered by a vendor in order to find the VDR that best suits your requirements. You should also consider reviews of employees and customer reviews on third-party websites such as Trustpilot and Glassdoor. It is crucial to select a service provider who has been in business for a while and has a solid base of reviews.
Find an interface that is simple to use and allows users to upload and locate files. It’s also helpful when a VDR provides a variety of formats, supports several languages and comes with a range of collaboration tools.
Be sure that your VDR that you select has comprehensive security features. Idealy, it should support two-factor verification, and provide 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 allow advanced reporting that allows you to view all activity, down to individual files views and downloads.
Look for a VDR that lets you modify the appearance and function of its interface in line with your brand. FileCloud for instance, allows you to add your company’s logo to email and login templates as well as set permissions on the partner account.