The right VDR can improve deal success rates and unlock higher value. A good VDR provides a combination of features that can facilitate collaboration, document management and protection, and reporting and analytics.
Look for providers who offer 24/7/365 support, a dedicated team of support agents and various contact channels. The top providers also provide extensive training and onboarding materials to help you use the platform effectively. A quality VDR can also allow you to upload and share documents in various formats, as well as the ability to add watermarks and limit viewing to specific time frames.
Select a provider that has an array of integrations and supports all major operating systems. It is also important to check the security standards of the VDR, including ISO 27001, SSAE 16 and ISAE 3402 certifications. Additionally, choose a provider with multiple physical and server locations so you can rely on the availability of your data.
A great VDR will let you collaborate with buyers, investors, and other stakeholders in an unified workspace. This will save you the hassle of managing email, apps, and web based data room software for teams spreadsheets. It can improve communication by reducing email traffic as well as providing an efficient alternative to meetings in person. Many VDRs include discussion forums as well as Q&A workflows that are built into. Some VDRs offer an automated meeting workflow tool that is dedicated to board members. This tool is used to record minutes and discussions.
All kinds of businesses can benefit from the top VDRs that include small – to medium-sized businesses large corporations, as well as freelancers. Smaller businesses will benefit from iDeals.com, BrainLoop.com, Watchdox.com, Ansarada.com (Freelancer), SecureDocs.com and Firmex. Intralinks Merrill Datasite and CapLinked are top choices for large and mid-sized companies.
