How to Select the Best VDR Providers

A virtual data room can help many business situations whether it’s for executives at the C-level sharing information with service providers, potential investors or other companies HR departments that manage employee records, or even project managers involved in various aspects of operation. A VDR that is secure and has the right measures in place will help to streamline a transaction, and stop any misuse.

The nature of the data you’ll be uploading to your VDR will influence what features you’ll need such as granular users permissions and two-factor authentication. You should also determine if the software is compatible with other programs that your company uses, since you’ll typically save time and effort by unifying your VDR with other tools like Salesforce or Slack.

When deciding on when choosing a VDR You should consider the number of users will be using the platform, as well as the amount of storage you’ll need. Some older providers charge per page, which could quickly exceed your budget. You can also opt for a monthly flat fee or pay per user.

There’s also a new breed of modern VDR providers who leverage technology innovations and efficient Software-as-a-Service delivery models to offer professional-grade document control, security and support at a fraction of the price of legacy providers. iDeals, for example, and Securedocs are both user-friendly simple interfaces and are suitable for small and medium-sized companies. They’re also ISO compliant and provide clear pricing without hidden costs or contracts.