With a myriad of VDR providers on the market, it can be difficult to determine which one will be best for your company. Here are some tips to assist you in navigating through industry jargon and marketing lingo for a better understanding of the basic capabilities of the VDR provider. When looking for a VDR, look for one with an easy-to-use interface and offers 24/7 live support to streamline the adoption process. In addition, you should look for a VDR that supports multiple file formats to provide additional flexibility and speedsy uploads that can boost efficiency.
Another aspect to consider is security. A reputable VDR provider should include many features to safeguard your data, such as two-factor authentication and timed access expiration and the ability to customize permission settings. These features will help ensure your data is secure and stop leaks of information. A reputable VDR provider will also provide precise activity tracking to allow you to know how your documents are being used and who has been viewing them. This amount of detail is important from a business perspective as it allows you to pinpoint any obstacles and determine the engagement levels of your team members as well as external parties.
Accounting requires the use of sensitive financial documents, which is why it is essential that companies share documents securely with third-party organizations for auditing procedures. Brainloop’s VDR platform comes with a range of security options, including Chinese wall, watermarking, and automatic indexing to facilitate secure communication between teams as well as external partners. The VDR also includes Q&A capabilities to improve collaboration and the efficiency of deal-making.