Finding the Best VDR Provider

If you’re looking for an online repository to keep and share sensitive data or a savvy VDR to increase collaboration in due diligence, finding the best VDR provider is dependent on the needs of your. The number of participants, the length of the project, and type of information will influence what features are required. Consider whether the users are internal or external and whether they are technical or not. Idealy the VDR you select must be scalable, with both industry-specific and general-purpose functionality.

Select the VDR that has user activity tracking and reporting capabilities to ensure security, visibility and compliance. You should look for tools that let you track and analyze in real time the downloads, uploads and user behavior. Drill-down reports and complete audit logs transform data points into digestible insights for simple and efficient due diligence procedures. Search functionality should also be robust and include optical character recognition for PDFs and images and filters that limit files based on the type of file, its status, or even viewing activity. Lastly, customer support should be available around the clock to assist new users in setting access levels and navigate data structures.

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