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Virtual Data Room Software is an online secure space that allows the uploading, storing and management of time-sensitive data. Common uses include the facilitation of due diligence for M&A, capital raises, audits and tenders. For companies operating in the life science and technology sectors, VDRs are particularly important to store research results including clinical trial data as well as other private information.
You should look beyond the list of features and functionality offered by a vendor to determine the VDR which you can try here best meets your requirements. You should also look at customer reviews and employee ratings on third-party sites like Trustpilot and Glassdoor. It is best to select an organization that has been around for a while and has built a solid foundation of credible reviews.
Find a simple, user-friendly interface that makes it easy to find and upload files. It’s advantageous to know that the VDR supports multiple languages, provides many file formats, and includes many collaboration options.
Make sure your VDR of choice has comprehensive security features. It should, at a minimum, provide two-factor authentication, as well as security for passwords and IP-address-based access limitations. It should also allow granular sharing and document watermarking. It should also offer advanced reporting that allows you to view all activity, down to individual file views and downloads.
Find an VDR that allows you to customize its appearance and function to fit your company’s branding. FileCloud for instance lets you add your company logo to the login and email templates as well as set permissions for the partner account.
