The most effective VDR provider will depend on the specific needs of your scenario. Whether you are searching for an online repository to store and share sensitive information or a smart VDR that enhances collaboration in due diligence the choice is based on what you need. The quantity of participants, the duration of the project and type of data will determine what features are required. You should also think about whether users will be external or internal and whether they are technical or not. Ideally, your selected VDR should be scalable and have both industry specific and general functionality for all purposes.

Select a VDR with users activity tracking and reports to ensure security, compliance and visibility. You should look for tools that allow you to monitor and analyze in real time the downloads, uploads and user behavior. Audit and drill-down logs convert data into digestible insights which make it easier to improve due diligence processes. Also, search functionality should be reliable with optical character recognition (OCR) for PDFs and images Boardroom software and filters to narrow down files based on file type or status, or even viewing activity. Support for customers is available 24 hours a day to assist new users navigate data structures and establish access levels.