Many companies rush into implementing a virtual data room in anticipation of a possible deal and forget to prioritize the ease-of-use. A data room that is simple to utilize and has the proper features can help facilitate more deals.

A reliable VDR helps with due diligence for both parties and speeds the closing process. It will also help you avoid costly errors, such as sharing sensitive documents with unauthorized users. To ensure that you’re choosing the most suitable VDR for your company seek out a straightforward yet comprehensive solution that can manage all of your needs for sharing documents.

VDR features like powerful permission controls that safeguard private and confidential information from leaks. Find a VDR with permissions that can be set by groups of people. Statistics will reveal who has viewed, printed or saved the document. Look for a VDR with document-specific security features like watermarking, and disabled printing.

Look for Look for a VDR with easy-to-configure connectors to Box, Dropbox Google Drive, and Microsoft SharePoint. This will allow real-time collaboration and eliminate the need for large files to be sent via email. It is also a good idea to look for features that allow users to alter the appearance and style of the VDR and also include their company logo. Also, look for a VDR with at-a-glance reporting that gives a high-level overview executives in the C-suite require to stay up-to-date during the due diligence process.