If you’re searching for an online repository to store and share sensitive data or a smart VDR to increase collaboration in due diligence processes, locating the most appropriate VDR provider depends on the needs of your. The quantity of participants, the duration of the project, and type of information will influence what features you require. Take into consideration whether the users are internal or external and whether they are technical or not. Idealy the VDR you choose is one that can be scalable, incorporating both industry-specific and general-purpose functionality.
Choose an VDR that provides users activity tracking and reports to ensure compliance, security and transparency. Search for tools that allow you to track and examine file downloads, uploads, and user behavior in real-time. Audit logs and drill-downs transform data into digestible insights that help simplify and improve due diligence processes. Search capabilities should also be robust and include optical character recognition for PDFs and images and filters to filter files based on file type, status, or viewing activity. In addition, customer support should be available 24/7 to assist new users set access levels and navigate data structures.