If you’re looking for an online repository to store and share sensitive information or a smart VDR to enhance collaboration in due diligence processes, choosing the most suitable VDR provider depends on your use case. The number of participants, the length of the project, and the type of information will determine which features are needed. You should also think about whether users will be internal or external, technical or non-technical. The ideal choice for your VDR should be scalable and provide both general function.
Choose choose a VDR with activity tracking and reporting capabilities to ensure security, transparency and compliance. Find tools that allow you to track and analyse file downloads, uploads and user activity in real-time. Drill-down and audit logs turn information into digestible and useful insights that make it easier and more efficient to conduct due diligence processes. Search capabilities should also be robust and include optical character recognition for images and PDFs, and filters to limit files based on the type of file, its status, or viewing activity. Support for customers should be available 24/7 to assist new users navigate data structures and set access levels.
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