What Is VDR Software?

In short, VDR software is a efficient and reliable cloud-based application to share sensitive documents and data with partners and clients. It is accessible from any place and has a number of features that aren’t available in regular file-sharing solutions like detailed activity tracking and sophisticated analytics. VDR providers also provide 24/7 customer Sharefiles VDR assistance, which is crucial for any company planning to utilize the software frequently.

There are a number of industries where VDR software is especially useful for legal firms that require review and collaboration on confidential documents during M&A due diligence procedures venture capital firms and private equity firms that have to share financial information with prospective investors; accounting and immovable property businesses which require the exchange of a lot of data with service providers; and many others. Whatever the industry, it is important to find a VDR service provider that offers robust security services and a user-friendly interface.

It is also beneficial to look for a VDR that has a comprehensive feature set that will simplify the collaboration process and boost productivity. Look for a VDR which allows you to restrict sources by location or situation, set different get levels and features tools like fencing look at and redaction (blacks out sections of a document so they can’t be scanned). Additionally, make sure the solution you choose to use integrates with Slack or Business Office 365, which will simplify the integration process and enable real-time communication between teams.