There are numerous data room companies to choose from and navigating through the myriad of features can be overwhelming. The best method to select a service is to read reviews and request a trial or tutorial of the software. This will give you the chance to enter your own data and experiment with the different features. Additionally, a great VDR should offer a simple interface and a short learning curve so that it can be used by all types of employees within your organization.
Legal
Make sure your data is secure for your customers by implementing industry-leading features such as encryption, access control, and virus scanning. Speed up the due diligence process with faster uploads and downloads with redaction, DocuSign integration, and built-in support.
Consulting Services
Increase efficiency of projects with simple file sharing, collaborative projects, and client communication. Use a virtual data space to increase efficiency, protect sensitive information, and speed up deals.
Private Equity and Venture Capital
Accelerate fundraising, deal negotiation, and investor relations by utilizing a secure data platform that permits secure information exchange. Utilize a virtual room to improve collaboration with investors as well as streamline corporate governance processes.
Life Science
The life sciences and healthcare industry handles escalated amounts of confidential information and in the event of not securing it can result in legal action, whether it’s a full-scale lawsuit or espionage. The best VDRs ensure compliance with the regulations such as ISO 27001, GCP, GDPR and HIPAA with features that support compliance, including privacy folders, access based on roles and virus scanning.
Users who must locate documents quickly will find the search function vital. Search for a feature that will find exact and partial matches. It is also required to filter by file type and show the folder content structure.