How to Choose Between Virtual Data Room Providers
With an array of virtual data room providers available on the market, it is difficult to determine which one is best suited to your company. There are thankfully a few tips that can aid you in navigating through the terminology and marketing messages to reduce a VDR provider to its essential capabilities. Find an VDR with an easy interface as well as 24/7 live customer support to speed up the process of adoption. Choose an VDR that supports a variety of formats to provide flexibility and speedy uploads for efficiency.
Security is an additional factor to consider. A good VDR will come with a variety of security features to protect your data. These include two-factor authentication and timed expiration of access. These features will keep your data secure and avoid leaks of information. A good VDR provider will also offer an extensive activity tracker that allows you to know the way your documents are utilized and who has looked at them. This granularity is helpful from a commercial perspective and lets you see potential roadblocks and gauge the level of engagement between your team members and other outside parties.
Accounting involves the handling of sensitive financial documents, which is why it’s essential that businesses share files with trusted third parties during auditing processes. Brainloop’s VDR platform has a variety of security features, such as Chinese wall indexing, automatic indexing and watermarking. These features allow secure communication between teams and external partners. The VDR also includes Q&A capabilities to aid collaboration and improve the efficiency of deal-making.
