In a day and age when companies need to quickly collect and review large amounts of information in order to make crucial business decisions such as M&A deals, fundraising rounds or tendering, getting all the facts may require going through thousands of documents. A virtual data room (VDR) is a safe digital space for storing and sharing information that is easily accessible to all parties, can be a great solution.

While http://best-vdr.blog/elevating-security-and-efficiency-in-intralinks-data-room/ some VDRs may appear similar at first glance, it’s important to be clear on what you want to achieve by using a VDR to be able to select the right one for your needs. So, you won’t get caught in a rabbit hole of features and select the one that allows you to finish your project quickly and with the least risk.

The key features include the ability to grant permissions at a granular level, a flexible technology for watermarking files, which adds unique identifiers and date stamps for each one, a report on the activity of users, and the ability to receive notifications whenever files are changed. You can also personalize your workspace to reflect your corporate brand, such as logos colors, color schemes, invitation emails, and terms and conditions.

Find a company which offers trial periods for free to get you started and flexible pay-as you-go plans with no long term contracts. Find a company that recognizes the regulatory requirements that may be necessary for certain industries and incorporates this knowledge into the software. Features like audit trails and version control, as well as the ability to prove that participants have viewed and read the risk warnings are just a few of the options to look for.