Whether you’re pitching to investors or closing an M&A deal or sharing data with business partners, having a properly organized virtual repository can make all the difference. Investors don’t have the time to go through a messy document dump or deal with a variety of inconsistently formatted documents. They helpful hints want professional presentation of their sensitive data that is simple to read on any device.

Follow these best practices to improve processes and provide third parties the most up-to date information.

Uploading and organizing files

Utilize operating procedures to determine which files should be placed in the VDR and how they are named. The consistency of naming and folder structures helps to manage and locate documents. Tags and metadata add context to documents and aid in searching and filtering.

Permission Settings

Set permissions for various kinds of users (admins corporate employees investors, clients, etc.). to limit access to unauthorized users and enhance the overall security of the repository. If you have sensitive or confidential information, fence view mode is an excellent feature that blocks users from downloading, printing to save, scanning, or taking screenshots of certain documents.

Monitoring Activity

Ensure that you have an audit trail that is tamper-proof of activity in your VDR by setting up custom reports that get sent to project managers in key positions on a recurring schedule. FirmRoom is one example. It offers detailed analytics for documents in its reporting, making it easy for teams to track the level of engagement of users using the repository. This will allow for better follow-up as well as efficient communication with all stakeholders.