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The ability to manage large volumes of files is one of the main requirements for data room software. This feature is usually evident in the variety of tools offered by the provider including multilingual search (about 16 languages), OCR, file preview and smart AI categories, and translation of documents. A good service provider should provide a variety of viewing options, enabling users to view documents in either their own formatting.
To ensure the security of confidential information, a reliable service provider should use the highest amount of encryption and security features. They should also provide a 24-hour helpline that is multilingual, and have dedicated customer service personnel that can help with the project’s start-up and best practices implementation, as well as expedited due-diligence processes.
For instance, some providers offer the possibility to synchronize desktops, shared folders and FTP with the virtual data room, making it easy to upload and download any file. Some use an automatic naming system, which allows you to manage and locate files. The most reliable vendors allow you to configure different access permissions for viewing as well as print and secure PDF downloads, as well as customizing watermarks that show a user’s name, IP address and the date and time of the document viewing.
A good VDR will come with NDAs that can be applied automatically to all users. This will prevent disclosures that are not authorized. It should also contain a comprehensive auditing system that lets users drill down and see what was done (documents and users) when, and in what order.