The best vdr software makes it easy to use and integrates with your existing workflows. For instance, the ability to install preferred integrations can make the transition seamless for teams that have become used to working with tools such as Microsoft OneDrive or Slack. A user-friendly interface can also improve efficiency. If the VDR has an extensive learning curve it could hinder the deal-making process by adding unnecessary steps.

A quality VDR also allows you to monitor who has viewed which documents. You can track page-level activity to determine who has viewed which documents, when and for how long. You can even prevent users from printing or downloading sensitive documents. This is great for sensitive IP or when you need to keep your information private between an exclusive group of users.

A more efficient process for organizing is vital for VCs as well as PE firms, who are often dealing with reams of paperwork at one time. The right VDR will support the organization of these reams and allow them to complete due diligence in a speedy manner. VDRs are also useful for these groups since they come with a Q&A feature that lets experts answer questions without disclosing the PII of the submitter. You can find customizable reports and data analytics in a glance that can be easily accessed during internal meetings. These tools can make the difference between a deal that is successful and one that is not.