When selecting a VDR provider, it’s important to first identify the primary purpose for which you’re using it. If you’re required to share a large volume of sensitive documents in the course of a merger or an acquisition, for instance you’ll need to make sure that the platform can provide specific auditing and permissions as well as detailed auditing and tracking.
Additionally, you’ll want make sure that the platform is easy to use, has a an easy learning curve, and provides 24/7 customer support if necessary. Then, look for features that are compatible with the standards of your industry and workflows. These include a customised user interface, NDAs, eSignatures and real-time collaboration tools.
As you compare different providers, you should be aware of their pricing structure. You should select an option that charges transparently by page storage and is scalable according to your requirements. Finally, look at client reviews and references to assess the reliability and quality of service.
Finally, select a service that has robust security features as well as an easy integration process. Top-rated VDRs offer a variety of protection for data and access, including two-factor authentication as well as timed expiration of access, flexible permissions settings and IP-based restrictions. They adhere to strict compliance standards such as SOC 1 & SOC 2 ISO 27001, HIPAA and CCPA. They also place a high value on privacy and security by maintaining detailed activity logs which demonstrate transparency and accountability. They’re a great choice for businesses who need to adhere to strict regulatory compliance.