VDR Features That Facilitate More Deals

dataroomservice.blog/virtual-data-room-or-dropbox-choosing-the-best-storage

Many companies rush to establish an online data space in anticipation of a forthcoming deal, but don’t consider the ease-of-use. A data room that is simple to use and has the appropriate features will facilitate more deals.

A reliable VDR will make the due diligence process easier for both parties and speed up the execution of the deal. It will also assist you to avoid costly errors, such as sharing sensitive documents with unauthorised users. If you’re trying to pick the best VDR solution for your business, make sure it is a comprehensive yet simple solution that meets all your requirements for document sharing.

VDR features like granular permission controls protect private and confidential data from being leaked. Find a VDR that allows permissions to be set according to groups of people, and has statistics available to show who has looked at and saved or printed a specific document. You should look for a VDR with security features specific to documents like watermarking and disabled printing.

In addition to VDR’s core function, you should choose a solution that is easy to configure connectors to Box, Dropbox, Google Drive and Microsoft SharePoint. This will allow for real-time collaboration, and eliminate the need to transfer large files via email. It’s also a good idea to look for options that let users modify the appearance and feel of the VDR and to incorporate their company branding. Finally, you should look for a VDR with at-a glance reporting that provides a comprehensive overview executives in the C-suite require to stay up-to-date throughout the due diligence process.