Many companies rush to establish the virtual data room in anticipation of a future deal and forget to prioritize user-friendliness. However, a user-friendly room that is equipped with the right features can facilitate more deals.
A reliable VDR will aid in making the due diligence process simpler for both parties and allow for a quicker completion of the deal. It will also prevent costly errors like sharing sensitive data with unauthorised users. To ensure you’re selecting the best VDR for your business, look for a simple but robust system that is able to take care of all your document sharing requirements.
VDR features like the ability to control permissions in a way that protects confidential and proprietary data from being leaked. Choose a VDR with permissions that can easily be set by groups of people. Statistics will reveal who has viewed, printed or saved a document. It is also essential to look for an VDR that offers document-specific security measures such as watermarking, disabled printing and blind view.
In addition to the VDR’s main function, you should choose a solution that is easy to configure connectors for Box, Dropbox, Google Drive and Microsoft SharePoint. This will allow real-time collaboration, and eliminate the need for large files to be sent via email. It is also a good idea to look for options that let users customize the look and feel of the VDR and also include their company logo. Lastly, look for an VDR with at-a glance reporting which provides the top-level overview C-suite executives require to be updated throughout the due diligence process.
dataroomservice.blog/features-the-best-vdr-should-have
