Virtual Data Room Software
A VDR can be used for a variety of purposes, including fundraising for startups, board communications and feedback on pitches. Not all VDRs offer the same features or functions and you must pick a partner that offers the appropriate features for your company.
Find a VDR with a user-friendly, user-friendly interface. You should be able to navigate the system with ease and access files on your device. Additionally, make sure the VDR has a reliable infrastructure, such as an online repository that boasts 99.9% uptime and is secure from cyber-attacks with advanced encryption security, antivirus protection as well as data center redundancy the management of permissions in granular ways, and security certifications such as ISO 27001, CCPA, and HIPAA.
Find out if you’re able to make reports and analyze data using the VDR that you are considering. This will let you monitor the activity of your virtual data room, from which users have viewed, saved or printed your documents to which areas of the document they viewed most often. Verify if your VDR allows you to build an audit trail to see who altered the file during the time.
Koofr is a budget VDR with a clean interface and 2 GB of free storage. It could be a great choice for certain companies, however it isn’t equipped with features specifically designed for M&A or due diligence like redaction, watermarking and analytics. Additionally, it doesn’t offer the same level of collaboration as other more well-known VDRs offer and doesn’t have much customer support available.