The most effective vdr is simple to use and integrates seamlessly with your existing workflows. For example, the ability to install preferred integrations can help make the transition smooth for teams that have become accustomed to working with tools such as Microsoft OneDrive or Slack. A user-friendly interface is also able to improve efficiency. If a VDR has an extensive learning curve it could hinder the negotiation process by adding unnecessary steps.

A good VDR will also allow you to keep track of who has seen which documents. You can monitor page-level activity to determine who has viewed which documents, when and for how long. You can also prevent users from printing or downloading sensitive documents. This is great for sensitive IP or when you want to protect information from being shared with an exclusive group of individuals.

A more efficient process for organizing is crucial for VCs and PE firms, who are often working with multiple reams of paperwork at a time. The most suitable VDR can help to organize these reams of documents and move them quickly through due diligence. Other features that help VDRs work for these groups include a central Q&A section and a feature which routes questions to experts and permits the experts to provide answers without disclosing information submitted by the submitter. Find customizable reports and analytics on data in a glance that are easily accessible during internal meetings. These features can make the difference between a deal that is profitable and one that’s not.

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