Finding the Best VDR Provider

If you’re searching for an online repository to save and share sensitive information or a smart VDR to facilitate collaboration in due diligence, finding the most appropriate VDR service is based on your use case. The number of participants, the length of the project, and the type of information will determine which features are needed. You should also consider whether the users will be internal or external technical or non-technical. Ideally, your chosen VDR should be scalable, and provide both general and industry-specific function.

Select the VDR with user activity tracking and reporting to ensure security, compliance and transparency. It is recommended to look for software that let you track and analyze in real-time the downloads, uploads and users behavior. Audit logs and drill-downs transform information into digestible and useful insights that help simplify and improve due diligence processes. Search functionality should be robust and include optical character recognition (OCR) for PDFs and images as well as filters that allow you to narrow down the files according to file type or status, or even viewing activity. Support for customers should be available 24/7 to assist new users navigate data structures and set access levels.

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