Whether you’re looking for an online repository to save and share sensitive information or a smart VDR to improve collaboration in due diligence, finding the most appropriate VDR provider will depend on your specific needs. The number of participants, the duration of the project and the type of information all impact the features required. Think about whether the users are from the internal or external and whether they are technical or not. The ideal VDR should be scalable and have both general and industry-specific functionality for all purposes.
Choose pick a VDR with activity tracking and reporting capabilities to ensure security, transparency and compliance. You should look for tools that allow you to track and analyze in real-time the downloads, uploads and user behavior. Audit and drill-down logs convert information into digestible insights that help simplify and improve due diligence processes. Search capabilities should also be robust with optical character recognition for images and PDFs, and filters to limit files based on the type of file, its status, or the activity of viewing. Customer support should be available 24/7 to assist new users navigate data structures and establish access levels.
