If you’re searching for an online repository to store and share sensitive information or a savvy VDR to improve collaboration in due diligence processes, choosing the most appropriate VDR provider will depend on the needs of your. The amount of participants, the duration of the project and the type of information will determine which features you require. Consider whether the users are internal or external and whether they are technical or not. The ideal choice VDR software for your VDR should be scalable and have both general functionality for all purposes.

Select the VDR that provides user activity tracking and reporting to ensure security, compliance and visibility. It is recommended to look for software that allow you to monitor and analyze in real-time downloads, uploads, and user behavior. Audit logs and drill-downs transform information into digestible data that make it easier and more efficient to conduct due diligence processes. Search capabilities should also be robust and include optical character recognition for images and PDFs and filters to narrow down files based on the type of the file, its status or activity. Customer support should be available 24/7 to assist new users navigate data structures and establish access levels.