Virtual Data Room Software creates an online, secure space for upload, storage and management of documents that are time-sensitive. Due diligence is typically utilized to facilitate M&As, capital raises and audits. VDRs are a great tool for companies operating in the technology and life science sectors. They store research results and data from clinical trials and other confidential information.

Finding the best VDR to meet your specific requirements requires more than just going through a vendor’s listing of functions and features. Be sure to look at the customer reviews and employee rating on third-party sites such as Trustpilot and Glassdoor. It is recommended to pick an organization that has been in business for a long time and has accumulated a solid foundation of credible reviews.

Choose an interface that is simple to use and makes it simple to upload and search for files. It’s also helpful if a VDR provides a variety of file formats, supports several languages and comes with a range of collaboration tools.

Be sure that your VDR that you select has comprehensive security features. It should, at a minimum, provide two-factor authentication and password protection as well as IP address-based access restrictions. It should also support watermarking on documents, granular sharing and other features. It should also permit advanced reporting which lets you view all activity, down to individual file views and downloads.

Then, you should look for A VDR that lets you modify its appearance and functions to fit your company’s branding. For instance, 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.