When deciding on the right VDR provider, it’s important to first establish the main purpose of your choice. If you’re looking to share a large amount of sensitive documents in the course of a merger or an acquisition, for example you should make sure that the platform allows for the granularity of permissions, as well as a thorough auditing and tracking.
In addition, you’ll need to ensure that the platform is user-friendly, has the shortest learning curve and offers 24/7 customer support in the event of need. Look for features that are compatible with the standards of your industry and workflows. Some of them include a user-friendly interface, built-in NDAs and eSignatures, real-time collaboration tools, sections for Q&A, and AI-powered analytics.
As you compare different providers, you should be aware of their pricing structure. You’ll want to choose an option that is transparently priced by page and can be scalable depending on your requirements. Look at testimonials and references from customers to assess the service quality and reliability.
Lastly, choose a provider with strong security features and a streamlined integration process. The most highly rated VDR providers offer a variety of levels of data and access protection such as two-factor authentication timed access expiration and granular permission settings and IP address-based restrictions. Additionally they adhere to stringent compliance standards like SOC 1 & SOC 2, ISO 27001, HIPAA, and CCPA. Moreover, they prioritize security and privacy by keeping detailed logs of activities that demonstrate transparency and accountability. This makes them an excellent choice for companies that need to adhere to strict regulations.