It’s important to know the purpose of your choice prior to selecting a VDR. If you need to share a large amount of sensitive documents in the course of a merger, or an acquisition, for example it is important to ensure that the platform can provide strict permissions and a detailed auditing and tracking.
In addition, you’ll need to ensure that the platform is user-friendly, has the shortest learning curve and provides 24/7 support in the event of need. Make sure that the features are in line with the standard workflows and standards of your industry. They include a user-friendly interface such as NDAs or eSignatures, as well as real-time collaboration tools.
Examine the pricing plans of various providers. You’ll need to select one that is transparently charged in relation to the number of pages that are stored and is scalable according to your needs. In addition, you should look over customer references and testimonials to gauge the reliability of their service and its quality.
Choose the VDR provider with strong security features, and a seamless integration process. The top-rated VDR providers offer a variety of levels of protection for access and data such as two-factor authentication timed access expiration, granular permission settings, and IP address-based restrictions. Additionally they adhere to strict compliance standards like SOC 1 & SOC 2, ISO 27001, HIPAA, and CCPA. They also place a high value on privacy and security by maintaining detailed logs of activity that show transparency and accountability. As a result, they’re an ideal choice for businesses that must adhere to strict regulatory compliance.