VDR Features That Are Most Important For Companies Evaluating Virtual Data Rooms
VDR features that are the most important to companies considering virtual data rooms are security, scalability, user-friendliness and support. Security features include malware and antivirus scanning, firewalls, and multifactor authentication as well as advanced encryption for uploaded data. Audit logs provide detailed records of everything that happens in the VDR. This includes downloads, views and changes to documents and folders. VDR administrators can also design custom watermarks that give an exact date and a name to every downloaded file.
A reliable VDR should also let users customize the interface and notifications, as well as support should be available via live chat in-app telephone, email, and help centers with videos of the product. The VDR should also be compatible with Apple, Android and Blackberry devices, without the need for extra plugins. Advanced text search enables quick and easy review of documents, files and folders. The organization tools for folders should provide a hierarchical layout and an orderly organization, with tags offering an additional layer of flexibility. A Q&A section allows users to ask questions and provide answers about specific documents and folders.
Private equity and venture capital firms work with several clients at the at the same time, which means they have to share large quantities of data quickly and efficiently. In these scenarios VDRs are the perfect solution to make due diligence more efficient and more efficient. VDRs are also useful in other industries like life science, technology, and financial services. VDRs help these companies streamline sharing of confidential information with clients, legal teams and third parties during litigation.