With many virtual data room companies on the market, it is challenging to decide which service will be best for your company. There are a few guidelines to help you get through the terminology and marketing messages in order to get to the core capabilities of a VDR provider. When searching for a VDR make sure you choose one with an easy-to-use interface and offers 24/7 live support to streamline the adoption process. In addition, look for a VDR that allows multiple file formats for added versatility and provides speedy uploads to improve efficiency.
Another important consideration is security. A reputable VDR provider should have various features to protect your data, such as two-factor authentication as well as timed access expiration and the ability to customize permission settings. These features will help you protect your data and prevent information leaks. A reliable VDR will also provide a detailed tracking of activity to let you know what documents are being used and who viewed them. This information is useful from a business standpoint, as it allows you to identify the potential obstacles and determine the level of engagement between your team members and external parties.
Accounting presupposes working with sensitive financial documents, therefore it is crucial for businesses to be able to share their files securely with third party partners in auditing processes. Brainloop’s VDR platform offers a number of security services such as Chinese wall, watermarking, and automatic indexing to facilitate secure communication between teams as well as external partners. The VDR also provides Q&A abilities to aid collaboration and improve deal-making efficiency.