When deciding on the right VDR provider, it’s essential to first establish the primary reason for use. If you’re looking to share a large amount of sensitive documents in the course of a merger or acquisition, for example, you will want to ensure that the platform allows for specific auditing and permissions as well as detailed auditing and tracking.
Additionally, you’ll want ensure that the platform is user-friendly, has the shortest learning curve and provides 24/7 support in the event of need. Also, look for features that are compatible with the industry’s standards and workflows. Some of these include a customizable interface, NDAs and eSignatures that are built-in Real-time collaboration tools Q&A sections, and AI-powered analytics.
Review the pricing structures of various providers. You should select one that charges transparently per page and is scalable based on your requirements. Also, take a look at customer testimonials and references to judge reliability and service quality.
Choose a VDR provider that offers strong security features and an easy integration process. Top-rated VDRs offer multiple levels of protection for data and access, such as two-factor verification, timed expiration of access, granular settings for permissions and IP-based limitations. In addition they adhere to stringent conformity standards such as SOC 1 & SOC 2, ISO 27001, HIPAA, and CCPA. They also put a premium on security and privacy by keeping detailed activity logs which demonstrate transparency and accountability. They are therefore a great option for businesses that need to comply with strict regulatory compliance.