It’s important to determine the purpose of your choice prior to selecting the right VDR. If you need to share a lot of sensitive documents as part of a merger, or an acquisition, for example it is important to make sure that the platform can provide the granularity of permissions, as well as a thorough auditing and tracking.
You’ll also want to make sure that the platform you select is easy to use and has a low learning curve, and offers 24/7 customer support if required. You should look for features that conform to the standard workflows and standards of your industry. Some of them include a customisable interface, built-in NDAs and eSignatures as well as real-time collaboration tools, Q&A sections, and AI-powered analytics.
Examine the pricing plans of different providers. You’ll want to choose an option that is transparently priced by page storage and can be scaled according to your requirements. Look at testimonials and references from clients to gauge the quality of service and reliability.
Choose the VDR provider with strong security features and a seamless integration process. Top-rated VDRs offer a variety of security for both data and access, such as two-factor verification, 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 prioritize privacy and security by maintaining detailed logs of activities that demonstrate transparency and accountability. They are therefore a great option for businesses that need to comply with strict regulatory compliance.