Finding the most suitable VDR provider will be contingent on your specific scenario. Whether you are searching for an online repository to store and share sensitive data or a smart VDR that facilitates collaboration in due diligence and due diligence, it all depends on what you’re looking for. The number of participants, the duration of the project and the type of information all influence which features are needed. You should also think about whether users will be internal or external technical, non-technical or. Idealy, the VDR you select must be scalable, with both general-purpose and industry-specific functionality.

Choose the VDR with user activity tracking and reporting capabilities to ensure security, visibility and compliance. Look for tools that allow you to track and analyse file downloads, uploads and user behavior in real time. Audit logs and drill-downs transform information into digestible and useful insights which make it easier to improve due diligence processes. Search functionality should also be robust and include optical character recognition for images and PDFs and filters that reduce the number of files to a specific the type of the file, its status or activity. Customer support is available 24 Virtual Data Room for Bankruptcy hours a day to help new users navigate data structures and establish access levels.