Modern VDR does not just benefit clients as well as advisors and their teams. A quick overview of the modern VDR by advisors who have been using older bulky systems can streamline and increase the effectiveness of due diligence. For instance, things like “view as” and easy to use user permissions, a search function that permits more specific searches and a simple navigate branded interface are some of the most crucial features available on many modern systems.

It’s also essential to find a vendor who offers an entire file-system that comes with various levels of permissions, as well as document version control. This will ensure that users can locate what they’re looking for easily instead of wasting time trying to find it in a Dropbox or drive. Q&A tools can be useful to conduct due diligence. They permit users to communicate and avoid sending emails that could be misinterpreted or lost among the daily flood of emails that buyers receive.

The ability to create workspaces, or folders for projects and track the progress of secure document sharing solutions projects using audit trails and restrict viewing helps maintain high levels of transparency in critical transactions. Watermarking, fence views encryption and 2-factor authentication are among the features that help keep your documents safe and secure. Many VDR providers offer a no-cost trial for customers to can test how the platform actually functions. They can also provide a complete demonstration of the product if required.