VDR Portals Features
VDR portals provide a safe environment online to firms to share sensitive files throughout the package process. These platforms can be an invaluable tool for M&A and fundraising processes that involve a number of different parties with different types of information. By streamlining the management of documents, they can help improve due diligence procedures. They can also reduce the risk of human error during the deal process by providing a platform to teams to collaborate.
Client portals and VDRs offer a variety of benefits. However, the best option for your company will depend on what you’re seeking. If you are working on a simple task, and want to improve communication with investors or clients and investors, then a portal would be the best choice. However, if you’re involved in complex M&A trades and need to complete an entire due diligence procedure and require a VDR, then a VDR is a better choice.
A reliable VDR website should have several features that enhance the user experience. A secure login and IP address tracking are available to ensure that access is not unauthorized. Additionally, it will include tracking at the page level, which can help you see who has visited what pages and when. Some VDRs come with an analytics feature that helps you spot suspicious activity, for example, lost or stolen files.
You should look for a VDR website that provides an initial trial period for free so that you can test it before making a decision to purchase. This will let you examine the features and pricing of different vendors. It is also important to verify that the VDR site offers 24/7 support, which means you can get assistance when required.