VDR software is a cost-effective and easy-to-use solution to share and store files. It facilitates due diligence, collaboration, and more. It is a great tool for M&A transactions, loan syndication, corporate due diligence, and many more. It can be utilized across many devices and scales up for larger projects. VDRs are renowned for their ability to facilitate an efficient and quicker dealmaking process. In fact, they can increase the sales of a company. A VDR can be a costly and time-consuming waste if the users aren’t able to make use of it effectively. To ensure the viability of the VDR businesses should pick a vendor with a solid track record and a wide range of features.

Look for the VDR that allows you to customize the user interface and integrate with third-party apps such as Microsoft Outlook, Slack, and Office 365. It is also important to consider whether the VDR can handle various formats and supports multiple languages. Top-tier providers will offer multilingual customer service via email, phone, and in-app. They may also provide videos for their products as well as a comprehensive knowledge base.

Verify that the VDR has an audit trail feature. This will help companies adhere to laws, locate lost files and identify unauthorised access to the platform. It can also encourage user accountability and provide insights in the case of catastrophe or conflict.

Another important feature is the ability to stop unauthorised screenshots of documents. This is particularly important when dealing with sensitive information. A good VDR will automatically watermark a link document, preventing anyone without authorized access from taking a screenshot. Additionally, it should also provide the option of the granular setting of permissions and two-factor authentication.