Virtual Data Room Software is a secure online space that permits the uploading, storing, and management of files that are time-sensitive. Due diligence is typically used to facilitate mergers and acquisitions, capital raises, and audits. VDRs are a great tool for companies working in the technology and life science sectors. They store research results and data from clinical trials and other private information.

Choosing the right VDR for your specific needs is more than checking out a vendor’s list of functions and features. It is also important to look at the reviews of customers and employees from third-party sites such as Trustpilot and Glassdoor. It is recommended to choose a company that has been around for a while and has built up a strong base of reliable reviews.

Look for a simple and user-friendly interface that makes it easy to upload and find files. It’s helpful to know that the VDR supports multiple languages, offers an array of file formats and has several collaboration features.

Check that the VDR you select has extensive security features. Ideally, it should have two-factor authentication and offer password protection as along with IP-address-based access restrictions. It should also permit document watermarking and sharing at a granular level. Furthermore, it should offer advanced reporting that allows you to see detailed activity down to individual file views and downloads.

Also, consider an VDR that lets you customize its appearance and functionality to suit your company’s brand. For instance, FileCloud enables you to include your logo on the login page and email templates as well as assign permissions to partners at the account level.

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