In short, VDR software is a powerful and reliable cloud-based solution to share sensitive documents and information securely with partners and clients. It is accessible from any location and includes a host of features that are not available in other file-sharing applications including precise analysis and activity tracking. VDR providers also provide 24/7 customer support, which is crucial for any business that plans to utilize the software frequently.
VDR software is useful in many industries, including law firms that have to review and collaborate on sensitive documents during M&A due-diligence processes, private equity and venture capital firms that require sharing financial information with potential investors accounting and real estate businesses which exchange lots of data with service providers. It is important to choose the right VDR that offers robust security and an easy-to-use interface regardless of the field.
Choose a VDR that offers a broad variety of features that will facilitate collaboration and increase productivity. Look for a VDR which allows you to restrict sources by location and, set different get levels and features tools like redaction and fencing look at (blacks out specific sections of a document to ensure it cannot be taken screenshots). Check that your software is compatible with Slack and Business iDealsBoard Office 365. This simplifies the integration process, and allow real-time communication between teams.