Whether you’re looking for an online repository to store and share sensitive information or a smart VDR to improve collaboration in due diligence processes, choosing the most suitable VDR provider is dependent on the needs of your. The number of participants, duration of the project, and the type of information will determine which features are required. You should also consider whether users will be external or internal, technical or non-technical. The ideal choice for your VDR should be scalable, and provide both general function.

Select an VDR that has user activity tracking and reporting to ensure security, compliance and visibility. Choose a tool that allows you to monitor and review uploads, downloads and user activity in real time. Audit and drill-down logs convert information into digestible data that help simplify and improve due diligence processes. Search functionality should also be robust and include optical character recognition for images and PDFs and filters to filter files based on the type of file, status, or viewing activity. Lastly, customer support should be available 24 hours a day to assist new users establish access levels and navigate data structures.

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