The best vdr is easy to use and can be integrated with your existing workflows. The ability to install preferred integrations, for example could make the transition smoother for teams who are used to working with tools like Microsoft OneDrive or Slack. A user-friendly interface will boost efficiency, too. If the VDR has an arduous learning curve, it could hinder the negotiation process by adding unnecessary steps.

A good VDR can also monitor who has viewed which documents. You can monitor page-level activity to track who has viewed what files, at what time and for how long. You can even prevent users from printing or downloading sensitive documents. This is great for sensitive IP or when you need to keep your information private between an exclusive group of people.

Private equity and VC firms can often be dealing with a lot of paperwork all at once, and having a an organized process that is simple to follow is key to their success. The most suitable VDR can help organize these reams of documents and help them move quickly through due diligence. Other features that help VDRs work for these groups include a centralized Q&A module and a feature which routes questions to experts and permits them to answer questions without disclosing data submitted by the submitter’s PII. Find customizable reports and analytics on data that are easily accessible during internal meetings. These features can be the difference between the success of a deal and one that fails.