With a myriad of VDR providers on the market, it can be difficult to decide which is best suited to your company. Here are a few suggestions to assist you in navigating through industry jargon and marketing lingo for a better understanding of the core capabilities of a VDR provider. Find an VDR that provides an easy user interface and live customer support to speed up the adoption process. Also, look for a VDR that allows multiple file formats for added versatility and provides speedy uploads that can boost efficiency.
Security is another crucial aspect to take into consideration. A reliable VDR provider should have a variety of features to safeguard your data, including two-factor authentication, timed access expiration, and specific permission settings. These features can help you keep your data safe and prevent information leaks. A good VDR will also provide a detailed analysis of activities to let you know what documents are being used and who viewed them. This is beneficial from a business standpoint as it allows you to identify possible roadblocks to overcome and measure the level of engagement between your team members and other outside parties.
Accounting involves working with sensitive financial documents, which is why it is crucial for businesses to be able share files securely with other parties in auditing processes. Brainloop’s VDR platform provides a variety of security options, including Chinese wall indexing, automatic indexing, and watermarking. These services enable secure communication between teams and external partners. The VDR also has Q&A capabilities to improve collaboration and deal-making efficiency.