Finding the most suitable VDR provider will depend on the specific needs of your situation. Whether you are seeking a secure online repository to store and share sensitive information or a sophisticated VDR that enhances collaboration in due diligence, it all depends on what you want. The number of participants, the duration of the project and the type of information all affect the features required. Take into consideration whether the users are from the internal or external and whether they are technical or not. The ideal choice for your VDR should be scalable and have both general functionalities for general use.
Select choose a VDR that offers user activity tracking and reporting to ensure security, compliance and transparency. You should search for tools that let you track and analyze in real-time uploads, downloads and user behavior. Audit logs and drill-downs transform data into digestible insights which make it easier to improve due diligence processes. Search functionality should also be robust, with optical character recognition for images and PDFs as well as filters to narrow down files based on file type, status, or activity. Support for customers is available 24 hours a day to help new users navigate data structures and set access levels.