The best VDR can increase the success rate of your deals and provide greater value. A great VDR has a mix of features that enable collaboration with document management and protection, and reporting and analytics.
Find providers that provide 24/7/365 customer service with dedicated support teams and a variety of channels for contact. The top providers will offer comprehensive training and onboarding materials to aid you in making the most of the platform. You can also upload and share documents with different formats. You can also add watermarks to the documents or limit viewing timeframes.
Select a provider that has a variety of integrations and supports all major operating systems. Also, you should check the security standards of a VDR such as ISO 27001, SSAE 16 and ISAE 3402 certifications. Furthermore, you should select a service with multiple physical and server locations to ensure the availability of your data.
A great VDR will let you work with investors, buyers and other parties in an unified workspace. This will alleviate the hassle of juggling disconnected apps, emails and spreadsheets, and can improve communication by reducing the amount of email traffic, and also providing an efficient alternative to meetings in person. Many VDRs also include built-in Q&A workflows, as well as discussion forums. Some even have a specific meeting workflow tool for board members that can be used to record discussions and minutes.
All types of businesses are able to benefit from the best VDRs for small – to medium-sized businesses large corporations, as well as freelancers. Small-sized businesses can benefit from iDeals.com, BrainLoop.com, Watchdox.com, Ansarada.com (Freelancer), SecureDocs.com and Firmex. Intralinks Merrill Datasite and CapLinked are the top choice for large and mid-sized companies.