Online data rooms are a fantastic method to store, manage and share documents. They are ideal for any project that require sharing sensitive documentation with third parties, such as due diligence in M&A transactions or fundraising. Intellectual property is a huge concern in the life sciences field. VDRs allow you to share documents online securely with investors or clients. This lets them easily locate the information they require.

Select a vendor that offers strong security features, such as multi-factor authentication, as well as the ability to retrieve deleted files that were accidentally deleted. You should also search for the “View As” tool that lets users see the access rights they have will be prior to when they connect. Some vendors also provide an array of deployment options, so you can deploy the virtual data room for specific projects or for a broad group of users.

A good online dataroom will have a simple and intuitive configuration that is as simple https://www.onecorpcompany.com/ to comprehend for a CFO as it would be for an entry-level accountant. It should also have a the flexibility of deployment with a single sign-on option for all projects and the option to alter the logo and terms of service as well as the general look and feel. Look for a firm that lets you pay per page or by the number of users, ensuring there’s no surprises on the bill.

A VDR that has a smart search function can help you quickly find a document within the platform. Indexing features can also be used to organize the structure of the room. Many VDR providers also provide Q&A capabilities, which means administrators can efficiently handle questions from counterparties.