Virtual Data Room Software is a best data rooms secure online space that allows uploading, storing, and management of files that are sensitive to time. Due diligence is commonly used to facilitate mergers and acquisitions, capital raises and audits. For companies operating in the life science and technology sectors, VDRs are particularly important for storing research results such as clinical trial results and other information that is proprietary.

Finding the best VDR to meet your specific requirements requires more than just going through a vendor’s listing of features and functions. Also, consider the reviews of customers and employee ratings on third-party sites such as Trustpilot and Glassdoor. It is essential to choose a service provider that has been in business for a while and has a good base of reviews.

Look for a user interface that is simple to navigate and easy to upload and find files. It’s a plus if the VDR supports multiple languages, offers various formats for files, and offers several collaboration features.

Be sure that the VDR you select has extensive security features. Ideally, it will support two-factor authentication and offer password protection as well as IP address-based access limitations. It should also permit document watermarking and sharing at a granular level. It should also allow advanced reporting, which allows you to monitor all activity to individual file views and downloads.

Find a VDR which lets you customize the appearance and functionality of its interface in line with your brand. FileCloud, for example allows you to include your company logo to the login and email templates as well as to set permissions on the account of your partner.