Virtual Data Room Software creates a secure, online space for upload, storage and management of documents that are time-sensitive. 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 technology and life science sectors. They keep research results including clinical trial data as well as other information that is proprietary.
It is important to go beyond the list of features and capabilities provided by a particular vendor to determine the VDR that best suits your needs. Take into consideration customer reviews and employee rating on third-party websites like Trustpilot and Glassdoor. It is important to select the service provider who has been operating for a while and has a good foundation of reviews.
Look for an interface that is easy to use and makes it easy to upload files and find them. It’s a plus when the VDR supports multiple languages, provides a wide range of formats for files, and offers a range of collaboration features.
Be sure that your VDR of choice has comprehensive security features. It should, at a minimum, support two-factor authentication and offer password protection as well as IP address-based access restrictions. It should also allow the sharing of documents in granular fashion and allow https://dataroomportal.com/ document watermarking. It should also allow advanced reporting, which allows you to view all activity, down to individual file views and downloads.
Look for look for a VDR that lets you alter the appearance and functions of its interface to reflect your brand. For example, 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.