What to Look for in a VDR Software

The best vdr software makes it easy to use and incorporates into your existing workflows. The ability to install preferred integrations, for instance could make the transition easier for teams who are used to working with tools like Microsoft OneDrive or Slack. A user-friendly interface will boost efficiency. If an VDR requires an extensive learning curve to master, it could hamper the dealmaking process and add unnecessary steps.

A good VDR also allows you to track who has viewed what documents. You can track page-level activity to determine who has viewed which files, at what time and for how long. You can also prevent users from printing or downloading sensitive files. This is ideal for sensitive IP, or when you want to keep information shared between a select group of individuals in the privacy of.

VCs and private equity firms typically have to deal with many documents at the same time, and having an organized and efficient process is crucial to their success. The right VDR will help with the organization of these reams and assist them in completing due diligence swiftly. Other features that help VDRs in their work include a central Q&A section and a feature that directs questions to experts and enables them to answer questions without divulging their explanation data submitted by the submitter’s PII. You can find customizable reports and data analytics in a glance that can be accessed easily during internal meetings. These features could make the difference between a deal that is successful and one that is not.