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If you’re looking for an online repository to keep and share sensitive data or a smart VDR to facilitate collaboration in due diligence, finding the most suitable VDR provider will depend on the needs of your. The number of participants, the length of the project and the type of information will determine which features are required. Take into consideration whether the users are from the internal or external and whether they are technical or not. The ideal VDR should be scalable and have both general and industry specific purpose functionality.

Select the VDR with tracking of user activity and reporting capabilities to ensure security, visibility and compliance. Choose a tool that allows you to monitor and examine file downloads, uploads and user behavior in real-time. Drill-down reports and full audit logs transform the data into digestible information for easy and effective due diligence processes. Additionally, search capabilities should be robust with optical character recognition (OCR) for PDFs and images as well as filters to narrow down files based on file type, status or viewing activity. Customer support is available 24 hours a day to help new users navigate data structures and establish access levels.