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It isn’t always easy to select the right virtual data room service for your company. There are a lot of options on the market. Fortunately, there are some tips to aid you in navigating through the industry jargon and marketing messages to strip a VDR provider to its essential capabilities. Look for a VDR that offers an easy interface as well as 24/7 live customer service to ease the process of adopting. Additionally, look for a VDR that supports multiple file formats for added versatility and provides speedy uploads to improve efficiency.
Another crucial aspect to consider is security. A good VDR should offer a range of security features that safeguard your data. This includes two-factor authentication as well as timed expiration of access. These features can help you keep your data secure and avoid leaks. A reliable VDR will also provide a detailed analysis of activities to let you know what documents are being used and who viewed them. This granularity is helpful from a business perspective and lets you identify possible roadblocks and assess the level of engagement between your team members and outside parties.
Accounting involves the handling of sensitive financial documents, which is why it is essential that companies share documents securely with third-party organizations when conducting audits. Brainloop’s VDR platform provides a variety of security features, including Chinese wall indexing that is automatic, as well as watermarking. These features allow secure communication between external partners and teams. The VDR offers Q&A capabilities to increase collaboration and deal-making efficiency.