When you’re coordinating an M&A transaction or planning for an audit, or sharing sensitive information with investors and partners, using the right software for your virtual data room can aid you in completing your project more efficiently, faster, and with the least risk. Choose an VDR with an intuitive interface, which allows users to navigate the VDR and find information quickly. Also, take into consideration the vendor’s customer support. Some vendors offer 24/7 support and others offer only a few hours of support.
When you are looking for a VDR it is essential to select one that works with multiple devices. This includes laptops and desktops, tablets, and smartphones. A great VDR will have an optimized mobile interface that works across all devices without having to download additional plugins. It should also be able to support multilingualism, OCR and intelligent AI document categorization to make it easier for users navigate massive amounts of information.
Another important feature to look for is the ability to manage tasks, that can be used to assign tasks to users. This helps users stay on track with their tasks and greatly speed up the process of reviewing. Uploading multiple documents at the same time can be beneficial.
When you’re choosing a virtual storage room, it’s crucial to select a vendor that provides the features you require for a reasonable price. Most vendors offer a basic plan which is affordable for most companies, whereas some offer an upgrade option with more features and functions. Some also include a free trial with storage of up to 1GB.