When it comes down to selecting the best virtual data room, the choice of vendors is largely based on how well their capabilities match with your needs. You should look for a VDR with robust reporting capabilities, user audit logs, and the capability to convert these reports into customized presentations. A VDR training service and reliable customer service support are also essential. Some VDR providers offer a trial to prospective buyers to experience the software before they commit.
Due diligence is one of the most popular uses for virtual datarooms. Both the buy-side and the sell-side require a secure location to review documents. A BOX Virtual Data Room VDR offers a way of doing so in the space of a few days rather than months.
When evaluating virtual rooms, choose a service that allows users to upload files and arrange them into folders with an intuitive drag-and drop interface. Check if the data room has an extensive search feature that can identify exact and partial matches, and allows the selection of documents by status as well as viewing activity and the type of document. In addition, check if the VDR allows the use of dynamic watermarks to stop printing and downloading without authorization.
A VDR that is reputable combines security, user-friendly interface and 24 hour access for authorized users. Additionally, a reputable virtual data room vendor offers a variety of services to increase the efficiency of your business processes. They can provide consulting and training to streamline RFPs as well as compliance and auditing tasks, and board reporting.