What to Look for in a VDR Software

The best vdr software makes it easy to use and integrates with your existing workflows. For instance, the ability to install preferred integrations can make the transition seamless for teams that have grown used to working with tools like Microsoft OneDrive or Slack. A user-friendly interface will increase efficiency, too. If the VDR has an arduous learning curve, it could hinder the negotiation process by adding unnecessary steps.

A reliable VDR can also monitor who has viewed which documents. Find out if you can track activity on a page to see the documents that have been reviewed and who has seen them, when, and for how long. You can also stop users from printing or downloading sensitive documents. This is perfect for sensitive IP, or when you need to keep information between a specific group of individuals private.

A simple and efficient organization process is vital for VCs as well as PE firms who are often working with multiple reams of paperwork at a time. The right VDR can help in the organization of these reams and aid in the process of completing due diligence efficiently. Other features that aid VDRs to work with these groups include a centralized Q&A module and a feature which routes questions to experts and permits them to share their answers without divulging data submitted by the submitter’s PII. You can find customizable reports and analytics on data in a glance which can be easily accessed during internal meetings. These tools can make the difference between the success of a deal and one that is unsuccessful.