https://www.dataroomservice.blog/virtual-data-room-or-dropbox-choosing-the-best-storage/

Many companies rush to set up a virtual data room in anticipation of a future deal but neglect to think about ease-of-use. However, a user-friendly room with the right features can help facilitate more deals.

A good VDR will help make the due diligence process easier for both parties, and will speed up the completion of the deal. It will also prevent costly mistakes such as sharing sensitive information with uninformed users. To ensure that you’re selecting the best VDR for your business you should look for a simple but comprehensive system that can manage all of your document sharing needs.

VDR features like powerful permission controls that safeguard confidential and proprietary data from being leaked. Choose a VDR with permissions that can easily be set by groups of people. Statistics will show who has looked at, printed or saved the document. It’s also important to look for an VDR that offers specific security features to documents, like watermarking or disabled printing, as well as blind view.

Look for look for a VDR that is easy to configure connectors to Box, Dropbox Google Drive, and Microsoft SharePoint. This will enable real-time collaboration, and eliminate the need for large files to be sent via email. Look for features that allow users to customize the VDR’s look and feel, as well as add their corporate branding. Look for a VDR that provides at-a-glance reports, which give executives with a high-level overview to be informed during the due diligence process.