What to Look For in VDR Software

VDR software allows companies to share confidential documents with external individuals such as potential investors or clients. This is particularly useful for the legal sector where many procedures require the sharing of sensitive documents. If it’s an M&A or due diligence process or even an IPO the virtual data room streamlines the process and ensures that crucial information doesn’t get shared with untrusted parties.

The ability to integrate the platform into existing business applications makes it easy for different parties to collaborate on projects. For instance the integration with Asana lets users link tasks within Asana to relevant documents on VDR. This helps project managers as well as teams to keep track 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 secured with anti-virus and malware scanning, multifactor authentication, and advanced encryption. It should have an audit log, which documents all user and document actions, as well as the ability to dig into these specifics. Verify if a VDR partner holds third-party certifications such as SOC to ensure that the platform is in compliance to the highest standards in the industry.

A user-friendly, clean interface is another essential feature. It should be accessible to the CFO as well as the entry-level accountant. Pick a vendor that prioritizes this with a simple configuration and ShareFile numerous deployment options. Make sure that your VDR can be customized with your logo, terms and condition and the general layout.