Virtual Data Room Software creates an online, secure space for the upload, storage and management of time-sensitive documents. Due diligence is often used to facilitate M&As, capital raises, and audits. For companies operating in the life science and technology industries, VDRs are particularly important for storing research results including clinical trial data as well as other private information.
You must look beyond the list of features and functions provided by a vendor in order to find the VDR which best meets your requirements. Be sure to look at the customer reviews and employee rating on third-party websites like Trustpilot and Glassdoor. It is best to select a service that’s been around for a while and has built a solid foundation of credible reviews.
Look for a user interface that is easy to use and makes it simple to upload files and find them. It’s also helpful if a VDR has a wide range of formats for files, supports multiple languages and provides various collaboration tools.
Make sure your VDR that you choose has complete security features. Ideally, it should offer two-factor verification and offer password protection as along with IP-address-based access limitations. It should also be able to support watermarking on documents, granular sharing and other features. It should also allow advanced reporting that lets you view all activity, down to individual files views and downloads.
Look for look for a VDR that lets you alter the appearance and functions of its interface in line with your brand. FileCloud, for example lets you add your logo to the email and login templates, as well as assign permissions on the partner account.