When choosing a VDR provider, it’s important to first determine the main purpose of your choice. If you’re looking to share large volumes of sensitive documents in the course of a merger or acquisition, for example you’ll need to make sure that the platform can provide specific auditing and permissions as well as detailed auditing and tracking.
You should also ensure that the software you choose is easy to use with a low-learning curve, and offers 24/7 customer support if required. Look for features that align with the standards of your industry and workflows. These include a customisable user interface as well as NDAs, eSignatures, and real-time collaboration tools.
Review the pricing structures of different providers. You’ll need to select the one that charges transparently in relation to the number of pages that are stored and can be scaled in accordance with your requirements. Additionally, look through customer references and testimonials to gauge the reliability of their service and its quality.
Choose a VDR service that comes with robust security features, as well as an easy integration process. Top-rated VDRs have multiple levels of security for data and access, such as two-factor verification, timed expiration of access, granular settings for permissions and IP-based limitations. They also adhere to strict compliance standards such as SOC 1 & SOC 2 ISO 27001, HIPAA and CCPA. They also prioritize security and privacy by keeping detailed logs of activity that show transparency and accountability. They are a perfect choice for businesses that need to ensure strict regulatory compliance.