Whether you’re searching for an online repository to keep and share sensitive data or a savvy VDR to improve collaboration in due diligence processes, finding the most appropriate VDR service is based on your specific needs. The amount of participants, the duration of the project, and type of data will affect which features you require. Be aware of whether the users are from the internal or external and whether they are technical or not. Idealy, the VDR you select should be scalable with both general-purpose and industry-specific functions.
Select pick a VDR with user activity tracking and reporting capabilities to ensure security, visibility and compliance. You should search for tools that allow you to monitor and analyze in real-time uploads, downloads and user behavior. Drill-down reports and full audit logs convert data points into digestible insights for simple and effective due diligence processes. Search functionality should also be robust with optical character recognition for PDFs and images, and filters to reduce the number of files to a specific file type, status, or viewing activity. Additionally, customer support should be available around the clock to assist new users in setting access levels and navigate data structures.
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