If you are considering a new VDR transaction tracking feature first step is to determine what your specific needs are and how the device will be used within your company. This will help you decide the features and services you need. Then, you can begin evaluating different options to figure out which best fits your business model. Using this approach can ensure that your company receives the most benefit from the software. It will also prevent issues down the road like unaffordable excess charges for storage and users.
Look for a VDR with strong security features such as encryption and authentication protocols. Additionally, a reliable VDR has watermarks which make it difficult for viewers who are not authorized to duplicate or take screenshots of the documents. You can choose a VDR with IP restrictions or multi-factor authentication for access. It could also come with a timer to limit the users can view documents on their device.
Examine whether the VDR allows user management or document approvals. These functions can be beneficial to many businesses. If your company is in the real-estate industry it is possible that you will require sharing private documents with other parties as part of loan syndication. A modern VDR with these features can create a safe, collaborative environment that makes it simple to share documents without fear of exposing.
Finally, evaluate how it is able to adapt the VDR is to different operating systems and devices. Choose a VDR vendor that offers mobile applications and a universal search feature, and assistance via email, phone, and chat.
