Virtual data room comparison can be a challenging task and there are a variety of aspects to take into consideration when choosing the best VDR vendor for your deal or project. Some key areas to consider include security, storage, and collaboration capabilities. Additionally there are a variety of VDRs utilize a variety pricing models. Legacy providers, which are long-established companies that began as financial printing services and then adapted to digital medium, often employ a per-page pricing system. This model can be expensive and confusing to comprehend. Generic file-sharing is generally cheaper, but comes with its own limitations. They include a lack of professional support outside of business hours and limitations in reporting and tracking.
Security is an important aspect of any online repository and the best VDR providers offer a wide range of security features that protect sensitive information. Look for two-factor authentication with timed expiration of access, complex passwords and requirements for change, IP address restrictions, and audit trails that provide detailed details of document activity. Also, look for internationally recognized standards like ISO/IEC 27001, SOC 2 GDPR and HIPAA.
A solid support function is also a must and many top providers include several additional services in their core VDR services. These include training, helpdesk services, and onboarding and support functions. When evaluating vendors, it’s important to take into account these alternatives. However, some of these extras might not be necessary for your specific needs.
