When choosing a VDR, choose one with an user-friendly interface. It should be easy to use and navigate. The more accessible a platform is and the more user-friendly it is for clients to use and less likely for them to make mistakes during due diligence, which could delay the sale. Be sure to consider whether the VDR offers features like drag and drop file upload or full text search. It also has optical character recognition to accelerate searches and make files official statement accessible. Also look for live chatting to facilitate collaboration even when teams aren’t together in the same room.
Consider if the VDR has features that keep files secure such as the capability to restrict certain folders to ensure that only select team members can access them. This is particularly useful when you’re dealing with sensitive information that is best shared with a restricted group of people. Furthermore, a great VDR will come with tracking features which show how frequently individuals in your team are viewing certain documents and how much time they’re dedicating to them.
Seek out reports at a glance that gives executives in the C-suite an overview of the key data points they can use during meetings. Some VDR providers allow you to customize your reporting to match corporate branding, giving an appearance that is more professional. You’ll need to know how adaptable the VDR will be across different platforms and devices. A good VDR is compatible with all major operating systems without the requirement to install multiple plugins or complex configurations.