When it comes to choosing the best virtual data room, the choice of vendors largely comes down to how well their capabilities match up with your requirements. Look for a VDR with robust capabilities for reporting, user activity audit logs and the ability to convert these SecureDocs VDR reports into customizable presentations. A VDR training service as well as a reliable customer service support are also essential. Some virtual data rooms provide the opportunity for a free trial period to prospective buyers to see the functionality of the software prior to committing.
Due diligence is one of the most common uses for virtual data rooms. Both sides require reviewing documents in a safe environment. A VDR can offer this service in a matter of days, not months.
When evaluating virtual data rooms, look for a provider that allows users to upload files and organize them into folders with an intuitive drag-and-drop interface. Verify that the data room offers an extensive search feature that can detect exact and partial matches, and allow filtering based on document status or viewing activity as well as document type. Verify if the VDR supports dynamic watermarks in order to stop unauthorized downloads and printing.
A reliable VDR is one that offers security with a simple, user-friendly interface that provides 24/7 access for authorized users. A reliable virtual data room provider will also offer a range of services that will enhance the efficiency of your company’s process of business. These services can include education and consulting to streamline RFPs, audit and compliance procedures as well as board reporting.