The best vdr software is designed to make it easy to use and integrates seamlessly into your workflows. For example, the ability to install preferred integrations can facilitate the seamless transition for teams that are familiar with working with tools like Microsoft OneDrive or Slack. A user-friendly interface is also able to boost efficiency. If the VDR has a steep learning curve, it can hinder the dealmaking process by adding unnecessary steps.
A reputable VDR will also allow you to track who has seen what documents. You can track page-level activity to track who has viewed what documents, when, and for how long. You can also stop users from printing or downloading sensitive documents. This is ideal for sensitive IP, or if you want to keep information shared between only a small group of people in a secure manner.
A streamlined organization process is crucial for VCs as well as PE firms that are typically dealing with large volumes of paperwork at a time. The right VDR can help in the organization of these documents and help them move through due diligence swiftly. Other features that help VDRs to work with these groups include a centralized Q&A system and a feature that forwards questions to experts, and allows them to share answers without divulging submitters’ PII. Look for customizable reports, and data analytics in a glance that can be accessed easily during internal meetings. These tools can be the difference between an effective deal and a failure.