What to Look For in VDR Software

VDR software allows companies to share confidential documents externally with other parties, such as prospective investors or clients. This is especially useful for the legal field where many procedures require the sharing of sensitive documents. Virtual data rooms are helpful for M&As, due diligence processes as well as fundraising or IPOs. They streamline the process and make sure that important information is not shared with unknown third parties.

Additionally, the ability to integrate VDR with existing business applications allows parties to work on projects together. For example, the integration with Asana allows users to link tasks within Asana with relevant documents stored on the VDR platform. This helps project managers as well as teams to stay informed of the progress of their projects, as well as responsibilities.

Find a platform that offers features that will meet your needs. A VDR must be secure with anti-virus and malware scanning, multifactor identification and advanced encryption. It should have an audit log, which keeps track of all document and user actions, as well as the ability to access these specifics. It’s also worth determining if a VDR partner has certifications from third parties like SOC, to give you assurance that the platform is compliant with industry-leading security standards.

A clean, intuitive interface is another essential feature. It should be accessible to both the CFO and the accountant at a basic level. Choose a vendor that prioritizes this and has a simple setup and a variety of address post about sharefile vdr software deployment options. Also, look into whether you are able to customize the look of your VDR with your own logo along with terms and conditions and general layout.