The best vdr software is designed to make it simple to use and integrates with your existing workflows. For example, the ability to install preferred integrations can make the transition smooth for teams that are familiar with working with tools such as Microsoft OneDrive or Slack. A user-friendly interface will also improve efficiency. If the VDR requires an extensive learning curve to master it may hinder the process of making deals and create unnecessary steps.
A reliable VDR will also let you monitor who has viewed what documents. Find out if you can track activity on a page to see what files have been seen and by whom, what time, and for how long. You can also stop users from printing or downloading sensitive documents. This is perfect for sensitive IP, or when you need to keep information between certain individuals private.
A simplified process for organization is essential for VCs and PE firms that are typically dealing with reams of paperwork at one time. The best VDR can help to organize these reams of documents and speedily move them through due diligence. VDRs can also be beneficial for these groups because they come with a Q&A feature, which allows experts to answer questions without disclosing details about the person who submitted the question. Find customizable reports and data analytics at a glance which can be easily accessed during internal meetings. These features can make the difference between the success of a deal and one that is unsuccessful.