When deciding on a VDR provider, it’s crucial to first identify the main purpose of your choice. For instance, if have to share large amounts of sensitive documents in an acquisition or merger it is important to ensure that the platform can accommodate strict permissions and granular settings for auditing of tracking, analytics, and logging.
You’ll also want to ensure that the software you choose is user-friendly with a low-learning curve, and offers 24/7 customer service if needed. Look for features that conform to the guidelines and workflows of your industry. Some of them include a user-friendly interface, built-in NDAs and eSignatures and tools for collaboration that are real-time, sections for Q&A, and AI-powered analytics.
When comparing different providers, you should be aware of their pricing structure. You’ll want to select an option that is transparently priced per page and is scalable based on your needs. Look at testimonials and references from clients to determine the quality of service and reliability.
Choose a VDR provider that has strong security features, and a seamless integration process. Top-rated VDRs offer a variety of security for data as well as access, including two-factor authentication, timed expiration of access, granular settings for permissions, and IP-based restrictions. They also adhere to strict compliance standards like SOC 1 & SOC 2 ISO 27001, HIPAA and CCPA. They also place a high value on privacy and security by maintaining detailed logs of activity that show transparency and accountability. As a result, they’re an excellent choice for enterprises which require strict compliance with regulatory requirements.