There are a myriad of providers of data rooms to choose from and navigating the ocean of features can be overwhelming. It is best to read reviews of providers and then sign up for a no-cost tutorial or trial period. This will let you enter your own data and test the various features. Furthermore, a quality VDR should have a simple interface as well as a short learning curve so that it is able to be used by any type of person within your company.
Legal
Protect your customer’s data by utilizing industry-leading features such as encryption access control, access control, and virus scanning. Accelerate the due diligence process by speedier uploads and downloads, redaction, DocuSign integration, and integrated support.
Consulting Services
Increase efficiency of projects through simple collaboration, file sharing and client communications. Utilize a virtual dataroom to improve efficiency, protect confidential information and speed up the process of negotiating.
Private Equity and Venture Capital
Accelerate the process of fundraising negotiations, deal negotiations, and investor relations by utilizing a secure data platform that enables confident information exchange. Utilize a virtual room to enhance collaboration with investors, streamline corporate governance processes, as well as increase transparency.
Life Science
In the life and health sciences fields There are a large number of confidential documents. Failure to secure them could lead to espionage and lawsuits. The most effective VDRs enable compliance with regulations such as ISO 27001, GCP, GDPR and HIPAA with compliance-centered features including role-based access, privacy folders, and virus scanning.
Users who need to locate documents quickly will find the search functionality essential. Find a search feature that can identify complete and partial matches, filter by type of file, display the content structure of folders and include optical character recognition (OCR) for PDFs and images.