Top 5 VDR Features

by theme10 April 17th, 2024     |     Share   

A reputable VDR partner will offer an array of features. However there are some fundamental ones are essential to consider. Secure security features such as virus and malware you could try this out scanning multifactor authentication, as well as advanced encryption are essential for making sure that the data you upload is safe and secure. Third-party certifications like ISO 27001, SSAE 16 or ISAE 3402 are independent proof that the VDR partner you select meets high standards. They can provide you with security and peace of mind.

Find a user-friendly interface that facilitates efficient due diligence, collaboration and deals across desktops and tablets. A well-designed interface will facilitate deal processing and help save time and resources by removing cumbersome paper processing.

To minimize the chance that sensitive data is viewed by unauthorised persons advanced vdr options like fence view and redaction should be made available. Redaction blacks out parts of a document to prevent personally-identifiable information from being seen and fence view digitally masks the rest of a file to prevent screenshotting. Look for a VDR that has these and other security certifications, such as FedRAMP, FINRA, GDPR, HIPAA and more.

A good VDR provider offers solid data security and detailed audit trails. This will give you an overview of all the activities of your users on the platform. This helps you to meet the compliance requirements and gives an overview of the progress of your team when working on transactions. The best VDRs also have an Q&A feature, document annotations as well as the ability to assign tasks, and 24/7/365 support within the app.