Finding the most suitable VDR provider will depend on the specific needs of your scenario. If you’re searching for an online repository to store and share sensitive data or a sophisticated VDR that helps collaborate in due diligence, it all depends on what you’re looking for. The number of participants, the length of the project, and the type of data all impact the features required. You should also think about whether the users are external or internal, technical or non-technical. Idealy, the VDR you select should be scalable with both general-purpose and industry-specific functionality.

Select choose a VDR with user activity tracking and reporting capabilities to ensure security, visibility and compliance. You should consider tools that let you track and analyze in real-time downloads, uploads and user behavior. Drill-down reports and full audit logs transform data points into digestible information for easy and effective due diligence processes. Also, search functionality must be able to handle optical character recognition (OCR) for images and PDFs and filters that allow you to narrow down files by type as well as status or viewing. Customer support is available 24 hours a day to assist new users navigate data structures and set access levels.

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