The best vdr is easy to use and integrates with your existing workflows. For instance, the capability to install preferred integrations can make the transition seamless for teams that have become accustomed to working with tools such as Microsoft OneDrive or Slack. A user-friendly experience can enhance efficiency, as well. If the VDR has an extensive learning curve it could hinder the negotiation process by adding unnecessary steps.

A great VDR can also monitor who has visited what documents. Find out if you can track activity on a page to see what files have been seen and by whom, what time, and for how long. You can also stop users from printing or downloading sensitive files. This is ideal for sensitive IP, or if you need to keep information shared between certain people private.

A streamlined organization process is crucial for VCs and PE firms that are typically dealing find more with large volumes of paperwork at a time. The right VDR can help you organize the reams of paperwork and swiftly move them through due diligence. Other features that can help VDRs work with these groups include a central Q&A section and a feature which routes questions to experts and allows the experts to provide answers without divulging submitters’ PII. You should look for reports that are customizable and data analytics at-a-glance that are easily accessible during internal meetings. These capabilities can make the difference between an effective deal and one that fails.