When choosing a VDR pick one that has an user-friendly interface. It should be easy to navigate and use. The more accessible the platform, the simpler it will be to use by clients and the less likely they will be to make errors in due diligence, which could cause delays in the transaction. If you’re looking for ways to improve the speed of your search and find files faster, check if the VDR has features like drag-and-drop file uploads, complete text searches and optical character recognition. Also look for live chatting to facilitate collaboration when teams aren’t all in the same room.
Think about if the VDR has features to ensure that files are secure such as the capability to block specific folders so that only certain members of the team have access to the files. This is especially useful when dealing with sensitive data that should be kept within only a few people. Furthermore, a reliable VDR will include tracking features which show how frequently employees are able to access certain documents and how much time they’re spending on them.
Find a quick-reporting option that provides executives from the C-suite with an overview of the most important information points that they can use in meetings. Some VDR providers will allow you to customize the reporting to reflect your corporate branding to give it more professional appearance. You should consider the adaptability of the VDR is across various platforms and devices. A quality VDR should be compatible with all major operating systems, without the need for complex setups or multiple plugins.