Finding the best VDR service will depend on why not try this post about effective data backup and recovery strategies for your business the specific needs of your case. Whether you are seeking a secure online repository to store and share sensitive information or a smart VDR that facilitates collaboration in due diligence the choice is based on what you’re looking for. The number of participants, the length of the project, and the type of data will determine which features are needed. Consider whether the users are from the internal or external and whether they are technical or not. Ideally, the VDR you select should be scalable and include both general-purpose and industry-specific functionality.

Choose choose a VDR with user activity tracking and reporting capabilities to ensure security, visibility and compliance. Choose a tool that allows you to monitor and analyse file downloads, uploads and user activity in real-time. Drill-down reports as well as full audit logs turn data points into digestible information that can be used for simple and effective due diligence processes. Additionally, search capabilities should be reliable with optical character recognition (OCR) for PDFs and images as well as filters for narrowing down files based on file type or status, or even viewing activity. In addition, customer support should be available 24 hours a day to assist new users set access levels and navigate data structures.