Virtual Data Room Software is a secure online space that allows uploading, storing, and management of files that are sensitive to time. Common uses include the facilitation of due diligence for M&A capital raises, audits and tenders. For companies in the life science and tech sectors, VDRs are particularly www.dataroomportal.com/how-can-the-best-data-rooms-help-you-grow-your-business/ important to store research results, clinical trial data and other proprietary information.
It is important to go beyond the list of features and functionality provided by a particular vendor to find the VDR that is most suitable for your needs. Consider also the customer reviews and employee ratings on third-party websites like Trustpilot and Glassdoor. It is recommended to choose a service that’s been around for a while and has built up a solid base of reliable evaluations.
Find an interface that is easy to navigate and easy to upload and find files. It’s also beneficial if a VDR offers a variety formats for files, supports several languages and comes with a range of collaboration tools.
Ensure that the VDR you choose includes comprehensive security features. Ideally, it will support two-factor authentication and offer password protection and IP-address-based access limitations. It should also allow document watermarking and sharing at a granular level. Finally, it should enable advanced reporting that enables you to monitor the information down to individual file views and downloads.
Look for look for a VDR which lets you modify the appearance and functionality of its interface to match your brand. For instance, FileCloud enables you to add your logo to the login page and email templates, as well as assign permissions to partners at the account level.