The best vdrs are simple to use and can be integrated with your workflows. For instance, the ability to install preferred integrations can help make the transition smooth for teams that have grown comfortable working with tools such as Microsoft OneDrive or Slack. A user-friendly interface is also able to increase efficiency. If you find that a VDR requires an extensive learning curve to master, it could hamper the process of making deals and create unnecessary steps.
A reputable VDR will also allow you to monitor who has viewed what documents. You can track page-level activity to determine who has viewed which documents, when, and for how long. You anchor can also stop users from printing or downloading sensitive documents. This is a great option for sensitive IP or when you want to protect information from being shared with a small group of people.
Private equity firms and VCs typically have to deal with numerous documents simultaneously, and having a an organized and efficient process is key to their success. The best VDR will support the organization of these reams and allow them to complete due diligence swiftly. Other features that help VDRs work with these groups include a centralized Q&A module and a feature that forwards questions to experts and allows them to answer questions without disclosing submissions’ personal information. Find customizable reports and analytics on data in a glance that can be easily accessed during internal meetings. These features can be the difference between a deal which is successful and one that is not.