What to Look For in VDR Software

VDR software lets companies share confidential documents with other parties, like potential clients or investors. This is particularly beneficial for the legal sector, where many procedures require sensitive sharing of documents. Whether it’s an M&A or due diligence process or even an IPO, a virtual data room simplifies the process and makes sure that crucial information doesn’t get disclosed to unauthorised parties.

The ability to integrate the platform into existing business applications makes it easier for different ShareFile parties to collaborate on projects. For instance the integration with Asana lets users connect tasks in Asana to relevant documents stored on VDR. This makes it easier for teams and managers of projects to keep track of progress and stay on top of their tasks.

To find the most effective virtual data room, look for a platform that offers features that meet your needs. A VDR must be secure with malware and virus scanning, multifactor authentication and advanced encryption. It should have an audit log that tracks all document and user actions, as well as the ability to drill into these details. It is also important to determine if the VDR partner has third-party certifications, such as SOC, to give you assurance that the platform is compliant with industry-leading security standards.

A clean, intuitive interface is another important feature. It must be accessible to the CFO as well as the accountant who is just starting out. Pick a vendor that puts a premium on this by offering a simple configuration and numerous deployment options. Also, check if you can customize the appearance of your VDR with your own logo as well as terms and conditions and general layout.