How to Select the Best VDR Providers

A virtual data room can help numerous business scenarios, whether it’s for executives at the C-level sharing information with service providers, potential investors or external companies HR departments who manage employee records, or even project managers who are involved in different aspects of their work. A VDR that has strict security measures in place will allow to streamline a transaction, and stop any misuse.

The type of information you plan to upload will determine what features you require for, like two-factor authentication as well as granular permissions. Check if the software you’re considering is compatible with any other applications your company uses. This will help you save time and effort if you are able to integrate your VDR with tools like Salesforce or Slack.

When selecting the right VDR You should consider how many users will be using the platform as well as how much storage you’ll need. Some legacy providers charge per page, which could quickly exceed your budget. You can also opt for a monthly flat cost 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 easy interfaces that are suitable for small and medium-sized companies. They are ISO-compliant, and provide transparent pricing, without the need for hidden charges or contracts.