It’s crucial to determine your primary use before choosing the right VDR. If you need to share large volumes of sensitive documents in the course of a merger, or an acquisition, for instance, you will want to make sure that the platform supports specific auditing and permissions as well as detailed auditing and tracking.
In addition, you’ll need to make sure that the platform is easy to use, has a low learning curves, and provides 24/7 customer assistance if needed. Also, look for features that align with the standards of your industry and workflows. These include a customisable user interface such as NDAs or eSignatures, as well as real-time collaboration tools.
When you are comparing different providers, you should be aware of their pricing structure. You’ll need to select the one that charges transparently according to the number of pages stored and is scaled depending on your needs. Review testimonials and references from customers to assess the service quality and reliability.
Choose a VDR provider that offers strong security features, as well as a seamless integration process. The most highly rated VDR providers offer multiple levels of access and data protection, including two-factor authentication, timed access expiration and granular permission settings and IP address-based restrictions. They also adhere to strict compliance standards, such as SOC 1 & SOC 2 ISO 27001, HIPAA and CCPA. They also place a high value on security and privacy by storing detailed logs of activities that demonstrate transparency and accountability. As a result, they’re an excellent choice for enterprises which require strict compliance with regulatory requirements.