Security, scalability and user-friendliness are among the most crucial VDR features that companies should consider when evaluating virtual datarooms. Security features include malware and antivirus scanning, firewalls and multifactor authentication and advanced encryption for uploaded information. Audit logs contain detailed records of everything that happens in the VDR. This includes views, downloads, and modifications to folders and documents. VDR admins have the option to create custom watermarks that provide a name and a time stamp to each file downloaded.
A good VDR will allow users to personalize their interface and notification system. Support should be accessible via email, phone in-app live chat, in-app live chat and help centers that contain videos of the product. The vdr must also be compatible with Apple devices, Android devices and Blackberry without the need for additional plugins. Advanced text search enables quick and simple review of files, documents and folders. The tools for organizing folders should provide a hierarchical structure as well as an orderly organization, with tags that provide an additional layer of flexibility. A Q&A section lets users to ask questions and provide answers about specific documents and folders.
Private equity and venture capital firms are able to work with multiple clients at the time, which requires them to share large amounts of data quickly and efficiently. In these scenarios VDRs are the perfect solution to make due diligence more efficient and more efficient. Other industries that have found VDRs useful include life science, technology, and financial services. VDRs aid these businesses in facilitating sharing of confidential information with legal teams, clients and 3rd parties during litigation.
