The best vdr program makes it simple to use and integrates into your workflows. The possibility of installing preferred integrations, for instance it can make the transition smoother for teams that are used to working with tools like Microsoft OneDrive or Slack. A user-friendly interface is also able to boost efficiency. If a VDR requires an extensive learning curve to master it could hinder the dealmaking process and add unnecessary steps.
A reliable VDR also allows you to monitor who has viewed which documents. Look for page-level activity tracking so that you can track the files that have been viewed and by whom, when, and for how long. You can also block users from printing or downloading sensitive documents. This is perfect for sensitive IP or if you need to keep information from a select group of people in a secure manner.
Private equity firms and VCs typically have to deal with reams of documents all at once, and having a an organized process that is simple to follow is crucial to their success. The right VDR will help with the organization of these reams and help them move through due diligence in a speedy manner. Other features that can help VDRs in their work include a central Q&A section and a feature that directs questions to experts and permits the experts to provide answers without divulging information submitted by the submitter. Find customizable reports and analytics on data that can be easily accessed during internal meetings. These features can be the difference between a deal which is successful or not.