A good VDR partner will offer a wide range of features. However there are a few fundamental ones are essential to consider. Security features such as virus and malware scanning and multifactor authentication are crucial to ensure that uploaded data is secure and safe. In addition, third-party certifications like ISO 27001, SSAE 16 and ISAE 3402 provide independent proof that your VDR partner meets high standards and gives you security.
Find a user-friendly interface designed to facilitate efficient due diligence and collaboration on deals across tablets, desktops and smartphones. A well-designed user experience will improve the speed of deal-making and save time and resources by removing the need for paper processing and enabling an instant review across all devices.
Advanced features in vdr, including redaction and fence view, should also be available to reduce the risk of sensitive data being read by unauthorized persons. Redaction blacks out parts of a document to prevent personally-identifiable information from being seen and fence view digitally masks the rest of a file to prevent screenshotting. Find a VDR that is certified with these certifications and others that are more advanced like FedRAMP and FINRA.
In addition to robust security for data, a reliable VDR partner will offer integrated analytics and thorough audit trails to provide a complete picture of your users’ activity Electronic data rooms on the platform. This assists you in meeting the compliance requirements and gives insight into the work of your team as they work on a transaction. The most effective VDRs include an area for Q&A along with document annotation, the ability to assign tasks and in-app support available all hours of the day, every day.
