Finding the Right Virtual Data Room Software

Virtual Data Room Software is a secure online space that allows for the uploading, storage 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 operating in the life science and technology sectors, VDRs are particularly important for storing research results as well as clinical trial data and other confidential information.

Finding the best VDR to meet your specific requirements is more than looking at a vendor’s list of functions and features. You should also take into consideration customer reviews and employee ratings on third-party sites like Trustpilot and Glassdoor. It’s important to choose the service provider who has been operating for a long time and has a strong base of reviews.

Find a simple, user-friendly interface that makes it easy to find and upload files. It’s advantageous when the VDR supports multiple languages, has a wide range of formats for files and comes with many collaboration options.

Make sure your VDR that you select has comprehensive security features. Ideally, it will allow two-factor authentication as well as password protection and IP-address-based access limitations. It should also allow the sharing of documents in granular fashion and allow document watermarking. It should also offer advanced reporting that lets you view all activity, down to individual files views and downloads.

Find look for a VDR that lets you alter the appearance and functions of its interface to fit your brand. For instance, FileCloud enables you to include your logo on the login page and email templates, and also to set permissions at the partner account level.

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