Top 5 VDR Features

A good VDR partner will provide a wide range of features, but there are some core ones that should be on the top of your list. Security features like scanning for malware and viruses and multifactor authentication are crucial to ensure that uploaded data is safe and secure. Third-party certifications such ISO 27001, SSAE 16 or ISAE 3402 are independent proof that the VDR partner you choose is of the highest standards. They can provide you with assurance.

Look for an easy-to-use interface designed to facilitate efficient due diligence and collaboration on deals across tablets, desktops and smartphones. A well-designed user experience will accelerate the process of negotiating and save time and resources by removing the hassle of physical paper processing and allowing quick review on all devices.

To decrease the chance that sensitive data is viewed by unauthorised persons, advanced vdr features such as fence view and redaction must be made available. Redaction blacks out parts of a document to prevent personally-identifiable information from being seen and fence view digitally masks the rest of a file to prevent screenshotting. Look for a VDR with these and other advanced security certifications like FedRAMP, FINRA, GDPR, HIPAA and more.

A reliable VDR partner will provide you with robust security of data and extensive audit trails. This will provide you with an overview of the activities of your users on the platform. This helps you to meet standards for compliance and provides an insight into the performance of your team members while working on a transaction. The top VDRs have the ability to ask questions, document annotations, the ability of assigning tasks, and support for 24/7/365 within the app.

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