Virtual Data Room Software creates an online secure space to upload, store and management of documents that are time-sensitive. Common uses include the facilitation of due diligence for M&A, capital raises, audits, and tenders. VDRs can be a valuable tool for companies in the life science and technology sectors. They are used to store research results, data from clinical trials as well as other information that is proprietary.

Choosing the right VDR for your specific needs is more than looking at a vendor’s list of functions and features. Consider also the customer reviews and employee ratings on third-party websites like Trustpilot and Glassdoor. It’s important to choose a service provider that has been operating for some time and has a good base of reviews.

Look for a simple, user-friendly interface that allows you to upload and find files. It’s a plus if the VDR supports different languages, offers a wide range of file formats, and includes many collaboration options.

Make sure that the VDR of choice comes with comprehensive security features. Ideally, it will allow two-factor authentication as well as password protection and IP-address-based access restrictions. It should also allow granular sharing, document watermarking and other features. It should also permit advanced reporting, which allows you to monitor all activity to individual file views and downloads.

Look for Look for a VDR which allows you to modify the appearance and functionality of its interface to reflect your brand. For example, FileCloud enables you to add https://dataroomtrade.com/ your logo to the login page and email templates and also to give permissions to partners at the account level.