A good VDR partner offers a broad range of features, but there are a few essential ones that should be at the top of your list. Security features like malware and virus scanning as well as multifactor authentication are vital to ensure that uploaded data is secure and safe. Third-party certifications such ISO 27001, SSAE 16 or ISAE 3402 are independent proof that the VDR partner you select meets high standards. They can provide you with security and peace of mind.

Look for an easy-to-use interface that is designed to facilitate efficient due diligence and collaboration on deals across tablets, desktops and smartphones. A well-designed user experience will speed up the deal process and save time and resources by removing the need for paper processing, and allowing for quick review on all devices.

To minimize the chance that sensitive information is viewed by unauthorised users advanced vdr functions like fence view and redaction ought to be made available. Redaction blacks out parts of a document to prevent personally-identifiable information from being seen dataroomservice.blog/virtual-data-room-or-dropbox-choosing-the-best-storage and fence view digitally masks the rest of a file to prevent screenshotting. Look for a VDR with these and other 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 assists you in meeting standards for compliance and provides insight into the work of your team when working on an actual transaction. The top VDRs have the ability to ask questions, document annotations as well as the ability to assign tasks, and support for 24/7/365 within the app.