The best vdr software is designed to make it simple to use and integrates seamlessly into your workflows. The possibility of installing preferred integrations, such as it can make the transition smoother for teams that are used to working with tools like Microsoft OneDrive or Slack. An intuitive user experience can increase efficiency, too. If an VDR requires a steep learning curve to navigate it could hinder the process of making deals and add unnecessary steps.
A quality VDR will also allow you to keep track of who has seen which documents. Look for page-level activity tracking to see the documents that have been reviewed and by whom, when, and for how long. You can also stop users from printing or downloading sensitive documents. This is a great option for sensitive IP or when you need to keep your information private between an exclusive group of people.
A simple and efficient organization process is essential for VCs and PE firms who are often working with multiple reams of paperwork at a time. The most suitable VDR will help organize the reams of paperwork and speedily move them through due diligence. Other features that aid VDRs to work with these groups include a centralized Q&A module and a feature that routes questions to experts, and allows them to answer questions without disclosing the submitters’ PII. Look for customizable reports and at-a-glance data analytics that can be easily accessed during internal meetings. These features can be the difference between a successful deal and one that fails.