The most effective VDR service will depend on the specific needs of your scenario. If you’re looking for a repository online to save and share sensitive information or a sophisticated VDR that enhances collaboration in due diligence and due diligence, it all depends on what you need. The number of participants, duration of the project and the type of information will influence what features are required. It is also important to consider whether users will be internal or external, technical or non-technical. Ideally, the VDR you select should be scalable and include both general-purpose and industry-specific functionality.
Choose an VDR that provides monitoring of user activity and reporting to ensure security, compliance and visibility. You should search for tools that let you track and analyze in real-time downloads, uploads, and user behavior. Drill-down reports and full audit logs turn data points into digestible data for simple and efficient due diligence processes. Also, search functionality should be robust and include optical character recognition (OCR) for PDFs and images, as well as filters that allow you to narrow down files by file type, status or viewing activity. Lastly, customer support should be available around the clock to assist new users in setting access levels and navigate data structures.
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