The best vdr is easy to use and integrates seamlessly with your workflows. For instance, the ability to integrate preferred integrations could make the transition seamless for teams that have become accustomed to working with tools like Microsoft OneDrive or Slack. A user-friendly interface is also able to increase efficiency. If the VDR has an extensive learning curve it can hinder the dealmaking process by adding unnecessary steps.
A reputable VDR will also allow you to know who has visited what documents. You should look for activity tracking at the page level so that you can track which files have been viewed and by whom, at what time, and for how long. You can even prevent users printing or downloading sensitive files. This is ideal for sensitive IP, or if you want to keep information from only a small group of people private.
Private equity and VC firms are often dealing with a lot of paperwork at the same time, and having an organized and efficient process is crucial to their success. The best VDR can help in the organization of these reams and assist them in completing due diligence swiftly. Other features that aid VDRs work with these groups include a central Q&A section and a feature which routes questions to experts and allows them to share their answers without disclosing the information submitted by the submitter. You can find customizable reports and data analytics in a glance that can be easily accessed during internal meetings. These features can be the difference between a deal which is profitable and one that’s not.
