There are numerous providers of data rooms to choose from, and it can be difficult to sort through the variety of features. It is best to read customer reviews about providers and request a free tutorial or trial period. This will let you fill in your personal data and test the various features. Furthermore, a quality VDR should have a simple interface as well as a short learning curve so that it can be used by any type of person within your organization.
Legal
Secure your data for your customers by offering industry-leading features such as encryption, access control and virus scanning. Accelerate the due diligence process by speedier uploads and downloads, redaction, DocuSign integration, and built-in support.
Consulting Services
Increase efficiency of projects through simple file sharing, collaborative work and client communications. Use a virtual data space to increase efficiency, secure confidential information, and accelerate transactions.
Private Equity and Venture Capital
Accelerate fundraising and deal negotiations as well as investor relations, using an encrypted platform that permits an unrestricted exchange of data. Utilize a virtual dataroom to improve collaboration with investors and streamline corporate governance processes.
Life Science
The healthcare and life sciences industry handles escalated amounts of confidential documentation and if it is not secured, it can lead to legal action, whether it’s a full-scale lawsuit or espionage. The best VDRs are compliant with standards like ISO 27001, GCP GDPR and HIPAA. They come with features that ensure compliance, such as role-based access and virus scanning.
Search functions are essential for users who need to locate documents quickly. Search for a feature that will find exact and partial matches. It should also be able filter by file type and show the structure of the folder’s content.