A good VDR partner will offer many features. However there are some essential ones are essential to consider. Strong security features, like scanning for malware and viruses, multifactor authentication and advanced encryption are crucial to making sure that the data you upload is secure and safe. In addition, third-party certifications like ISO 27001, SSAE 16 and ISAE 3402 provide independent proof that your VDR partner is up to the highest standards and provides valuable assurance.
You should look for an interface that is user-friendly and facilitates efficient due diligence, collaboration and deals across tablets and desktops. A well-designed user experience will accelerate the process of negotiating and save time and resources by eliminating cumbersome physical paper processing and enabling an instant review across all devices.
Advanced features of vdr, such as fence view and redaction should also be available to minimize the risk of sensitive data being viewed by unauthorised individuals. Redaction blacks out parts of a document to prevent personally-identifiable information from being seen and fence view digitally masks the rest of a file to prevent screenshotting. Find a VDR with these and other advanced security certifications such as FedRAMP, FINRA, GDPR, HIPAA and more.
A reliable VDR partner offers robust security for data as well as detailed audit trails. This will provide you with an overview of the actions of your users using the platform. This will help you meet the compliance requirements and gives insight into the progress of your team when working on a transaction. The top VDRs also include a Q&A with annotations to documents and the ability to assign tasks, and 24/7/365 support within the app.