VDR Features That Facilitate More Deals

Many companies rush to set up an online data room in anticipation of a possible deal, but don’t consider the ease-of-use. A data room that is simple to use and has the right features will help facilitate more deals.

A well-designed VDR makes due diligence easier for both parties and speeds up the completion of the deal. It also helps avoid costly errors like sharing sensitive data with unauthorised users. To ensure you’re choosing the best VDR for your company choose a simple but comprehensive system that can manage all of your document sharing needs.

VDR features such as the ability to control permissions in a way that protects confidential and proprietary information from leaks. Find a VDR that permits permissions to be set based on groups of people, with statistics showing who has viewed, saved or printed an individual document. It’s also important to search for an VDR that offers specific security features for documents, such as watermarking, disabled printing and blind view.

In addition to the VDR’s main function, you should choose an application that has easy-to-configure connectors for Box, Dropbox, Google Drive and Microsoft SharePoint. This will enable real-time collaboration, and eliminate the need for large files to be sent via email. Look for features that allow users to customize the VDR’s look and feel, as well as add their corporate branding. You should look for an VDR that provides at-a-glance reporting, which provides executives with the most comprehensive overview they need to be updated during the due article source diligence process.