The best VDR service will depend on the specific needs of your case. Whether you are looking for a repository online to store and share sensitive data or a smart VDR that facilitates collaboration in due diligence and due diligence, it all depends on what you’re looking for. The number of participants, the duration of the project, and the type of data all influence which features are required. Take into consideration whether the users are from the internal or external and whether they are technical or not. The ideal choice for your VDR should be scalable and have both general and industry-specific purpose functionality.
Select choose a VDR with tracking of user activity and reporting capabilities to ensure security, transparency and compliance. Search for tools that allow you to monitor and analyse file downloads, uploads and user behavior in real-time. Drill-down reports and full audit logs transform the data into digestible information that can be used for simple and efficient due diligence processes. Additionally, search capabilities should be reliable with optical character recognition (OCR) for images and PDFs and filters to narrow down the files according to file type as well as status or viewing. Additionally, customer support should be available around the clock to assist new users set access levels and navigate data structures.