VDR Portals Features

VDR portals are web-connected secure databases that hold documents and data files that are linked to legal processes and trades. They permit secure access with a secure user ID and offer a variety of features that are designed to reduce the cost of supervision and reduce the risk of human error. They are usually used by lawyers in the due diligence process during mergers and acquisitions (M&A).

A VDR must include an advanced search feature that can search documents, files, and folders with specific keywords. It should also display an excerpt of the document prior to opening it. It should also include an option for Q&A that allows users to ask questions to experts and get answers, and a document viewer that permits users to browse through a variety of documents at a time. It should also have multi-device support and be mobile-friendly, without the need for additional downloaded plugins required to work on iOS, Android or Blackberry devices.

The most effective VDR portals offer page-level tracking that displays who has viewed what and when. They additionally come with tagging functions that make it easier to arrange docs and include redaction and fence get features that blacks away parts of information to ensure personally-identifiable info stays private and prevents screenshotting. These functions are particularly useful for investment banking processes like IPOs or capital raising that require large sums to be posted.

A reliable VDR must also feature an intuitive interface, secure document storage, and reporting on compliance. It should be able integrate with existing workflows of the company and come with an adjustable interface. It should also feature the ability to sign in with one click which makes it easy for corporate employees to use the VDR without having to create their own logins. Additionally, it should be backed by an excellent customer service team that is available 24/7 to help with any technical issues.

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