The most effective vdr software makes it simple to use and integrates into your workflows. The capability to install preferred integrations, for instance will make the transition easier for teams that are accustomed to working with tools such as Microsoft OneDrive or Slack. A user-friendly interface will boost efficiency. If you find that a VDR requires a steep learning curve to master it could hinder the process of making deals and add unnecessary steps.

A quality VDR will also allow you to monitor who has viewed what documents. You should look for activity tracking at the page level to track the documents that have been reviewed and by whom, when, and for how long. You can even prevent users from printing or downloading sensitive documents. This is ideal for sensitive IP, or when you need to keep information between a select group of people in a secure manner.

A streamlined organization process is essential for VCs and PE firms that are typically working with multiple reams of paperwork at a time. The best VDR can aid in the organization of these reams and allow them to complete due diligence quickly. VDRs can also be beneficial for these groups because they have a Q&A module that lets experts answer questions without revealing the PII of the submitter. Find customizable reports and analytics on data in a glance that can be accessed easily during internal meetings. These features can make the difference between a deal that is successful and one that is not.