Top 5 VDR Features
A reliable VDR provider offers a wide array of features, however there are a few essential ones that should be on the top of your list. Security features that are robust, such as scanning for malware and viruses multifactor authentication, multifactor authentication, and advanced encryption are crucial to making sure that your Data Room information security policies uploaded data is safe and secure. Third-party certifications such ISO 27001, SSAE 16 or ISAE 3402 are independent proof that the VDR company you select is in compliance with high standards. They can provide you with assurance.
You should look for an interface that is user-friendly, allowing efficient due diligence as well as collaboration and deals across desktops and tablets. A well-designed interface can facilitate deal processing, and save time and resources by removing the need for paper-based processing.
To minimize the chance that sensitive data is viewed by unauthorised people advanced vdr options such as 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 with these and other advanced security certifications like FedRAMP, FINRA, GDPR, HIPAA and more.
A reputable VDR provider offers solid security of data and thorough audit trails. This will give you an overview of the activities of your users on the platform. This will help you meet standards for compliance and provides an overview of the progress of your team while working on the transaction. The top VDRs have a Q&A and document annotations as well as the ability to assign tasks, and support for 24/7/365 within the app.