The best vdrs are simple to use and can be integrated with your existing workflows. For instance, the ability to integrate preferred integrations could make the transition seamless for teams that have become used to working with tools like Microsoft OneDrive or Slack. A user-friendly interface will also boost efficiency. If the VDR requires a steep learning curve to navigate it may hinder the process of making deals and create unnecessary steps.

A reputable VDR will also allow you to know who has visited what documents. Look for page-level activity tracking to see the documents that have been reviewed and who has seen them, when, and for how long. You can also stop users from printing or downloading sensitive documents. This is ideal for sensitive IP or when you need to keep your information private between an exclusive group of individuals.

VCs and private equity firms are often faced with a lot of paperwork at once, and having an organized and efficient process is vital to their success. The best VDR will support the organization of these documents and help them move through due diligence in a speedy manner. Other features that aid VDRs work for these groups include a centralized Q&A module and a feature which routes questions to experts and allows the experts to provide answers without divulging the data submitted by the submitter’s PII. Look for customizable reports and data analytics in a glance that are easily accessible during internal meetings. These capabilities can be the difference between a successful deal and one that fails.

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