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Finding the Right Virtual Data Room Software

Virtual Data Room Software creates an online secure space for upload, storage and management of documents that are time-sensitive. Common uses include helping with due diligence for M&A capital raises, audits and tenders. VDRs can be a valuable tool for companies operating in the life science and technology sectors. They can store research findings as well as data from clinical trials and other confidential information.

Finding the best VDR for your particular needs requires more than just checking out a vendor’s list of functions and features. You should also take into consideration the reviews of customers and employees on third-party sites like Trustpilot and Glassdoor. It’s best to choose a provider that has been around for a while and has accumulated a solid base of reliable reviews.

Find a simple, user-friendly interface that makes it simple to upload and locate files. It’s a plus to know if the VDR supports multiple languages, provides many file formats and has many collaboration options.

Make sure your VDR of choice has comprehensive security features. Ideally, it should have two-factor verification and offer password protection, as well as IP-address based access restrictions. It should also be able to support granular sharing, document watermarking and other features. It should also offer advanced reporting, which allows you to track all activity right down to individual files views and downloads.

Find an VDR that allows you to customize its appearance and functionality to suit your company’s brand. For example, FileCloud enables you to add your logo to the login page and email templates as well as assign permissions to partners at the account level.

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