Whether you’re searching for an online repository to save article source about choosing the best board room provider key considerations and options and share sensitive information or a smart VDR to facilitate collaboration in due diligence processes, finding the best VDR provider is dependent on the needs of your. The quantity of participants, the duration of the project and the type of data will determine what features you require. Be aware of whether the users are from the internal or external and whether they are technical or not. Ideally, your chosen VDR should be scalable and offer both industry specific and general purpose functionality.

Select choose a VDR that has user activity tracking and reporting capabilities to ensure security, visibility and compliance. Choose a tool that allows you to track and analyse file downloads, uploads, and user behavior in real time. Audit and drill-down logs convert information into digestible and useful insights that make it easier and more efficient to conduct due diligence processes. Additionally, search capabilities should be robust with optical character recognition (OCR) for PDFs and images and filters that allow you to narrow down the files according to file type or status, or even viewing activity. Customer support should be available 24/7 to help new users navigate data structures and establish access levels.