When choosing the right VDR provider, it's essential to first determine your primary use case. If you're required to share a lot of sensitive documents in the course of a merger or an acquisition, for instance, you will want to ensure that the platform can provide granular permissions and detailed auditing and tracking.
Additionally, you'll want ensure that the platform is easy to use, has a low learning curves, and provides 24/7 customer assistance if needed. Then, look for features that are compatible with your industry's standard and workflows. These include a customised user interface such as NDAs or eSignatures, as well as real-time collaboration tools.
When you are comparing different providers, take note of their pricing structure. You'll want to select an option that charges transparently by page storage and is scalable according to your needs. In addition, you should look over customer references and testimonials to gauge reliability and service quality.
Choose a VDR provider that has strong security features and seamless integration. Top-rated VDRs offer multiple levels of security for both data and access, such as two-factor verification and timed expiration for access, granular permissions settings and IP-based restrictions. They also adhere to strict compliance standards such as SOC 1 & SOC 2 ISO 27001, HIPAA and CCPA. They also prioritize security and privacy by keeping meticulous logs of activities, which show transparency and accountability. This makes them an excellent choice for companies that need to adhere to strict regulations.