Finding the best VDR provider will depend on the specific needs of your case. Whether you are looking for an online repository to store and share sensitive data or a smart VDR that enhances collaboration in due diligence, it all depends on what you require. The number of participants, the duration of the project and the type of data all impact the features needed. Think about whether the users are external or internal and whether they are technical or not. Ideally the VDR you select is one that can be scalable, incorporating both general-purpose and industry-specific functions.
Choose choose a VDR with the ability to track user activity and report to ensure security, compliance and visibility. Search for tools that allow you to monitor and examine file downloads, uploads and user behavior in real-time. Drill-down reports as well as full audit logs convert data best VDR provider points into digestible data for simple and effective due diligence processes. Additionally, search capabilities should be able to handle optical character recognition (OCR) for images and PDFs and filters for narrowing down files by file type as well as status or viewing. Support for customers should be available 24/7 to assist new users navigate data structures and establish access levels.