VDR portals provide a safe environment online that allows companies to share sensitive documents during the process of packaging. These platforms can prove to be a valuable tool for M&A and fundraising processes that involve a number of different parties and kinds of data. They can increase the efficiency of due diligence procedures by streamlining the management of documents. They can also lower the risk of human errors during a deal by offering a platform to collaborate.
While both client portals and VDR sites offer a myriad of benefits, choosing the right option for your business is dependent on what you’re using it for. For instance, if you have a straightforward project that you want to improve communication with investors or clients using a client portal, then a customer portal is a great option. However, if you’re involved in complicated M&A transactions and require to complete an entire due diligence procedure A VDR is the better choice.
A good VDR has a number of features to enhance the user experience. A secure login as well as IP address tracking are both included to ensure that access is not unauthorized. You can also track page-level views to see who was able to view what, and when. Some VDRs will also have an integrated analytics feature to aid in identifying suspicious activity like lost or stolen files.
Look for a VDR website that has an opportunity to try the product for free to give it a try before you decide to purchase. This will let you examine the features and pricing of various vendors. In addition, ensure the VDR website has 24/7 support to assist you whenever you need it.