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Home » Data Room Software – What to Look For in a Data Room Software Provider

Data Room Software – What to Look For in a Data Room Software Provider

The ability to manage large quantities of files is among the most essential requirements for software that manages data rooms. This characteristic is typically reflected by the variety of tools offered by the service provider, such as multilingual searches (about 16 languages), OCRs, file previews, intelligent AI categories and translation of documents. A reputable provider will offer a variety of viewing options that allow users to look at documents in their own format, or without it.

A good provider will use the most advanced encryption technology to ensure the security of confidential data. They should also provide a 24 hours a day multilingual customer helpline and dedicated customer service managers who can help with speedy project startup, best practice implementation and speedy due diligence processes.

For instance, certain providers offer the possibility to share folders, desktops and FTP with the virtual data room, making it easy to upload and download any file. Some also include an automatic naming system, which allows you to sort and locate files. The most reliable vendors allow you to set up different access rights for viewing as well as print and secure PDF download, and customize watermarks that display a user’s name, IP address, and the date and time of document viewing.

A quality VDR has NDAs that can be automatically applied to all users. This will stop disclosures that are not authorized. It should also contain an extensive auditing system that allows users to examine the details of what was done (documents and users) when, and in what order.

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