The best vdr software makes it easy to use and integrates with your workflows. The ability to integrate preferred integrations, for instance will make the transition smoother for teams that are used to working with tools such as Microsoft OneDrive or Slack. A user-friendly interface can also boost efficiency. If an VDR requires an extensive learning curve to navigate it may hinder the process of making deals and add unnecessary steps.
A reliable VDR can also track who has viewed what documents. You can monitor page-level activity to see who browsed what files, at what time board portals solutions and for how long. You can even prevent users printing or downloading sensitive documents. This is ideal for sensitive IP or if you need to keep information confidential between a select group of individuals private.
A simplified process for organization is vital for VCs as well as PE firms who are usually dealing with large volumes of paperwork at a time. The right VDR can help in the organization of these reams and allow them to complete due diligence efficiently. Other features that assist VDRs in their work include a centralized Q&A module and a feature which routes questions to experts, and allows the experts to provide answers without disclosing data submitted by the submitter’s PII. Look for customizable reports, and information analytics in a single glance which can be easily accessed during internal meetings. These tools can make the difference between a deal that’s successful and one that is not.