When deciding on a VDR provider, it’s essential to first establish the main purpose of your choice. For example, if you have to share large amounts of sensitive documents during an acquisition or merger it is important to ensure that the platform is able to support granular permission settings and detailed auditing and tracking as well as analytics.
You should also ensure that the platform you choose is user-friendly, has a low learning curve, and provides 24/7 customer support in the event of need. Then, look for features that match the industry’s standards and workflows. Some of these include a customisable interface, integrated NDAs and eSignatures as well as real-time collaboration tools, sections for Q&A, and AI-powered analytics.
When you are comparing different providers, be aware of their pricing structure. You’ll want to select an option that is transparently priced per page and is scalable according to your needs. Check out testimonials and references from customers to evaluate the reliability and quality of service.
Choose a provider that has robust security features as well as an easy integration process. Top-rated VDRs have multiple levels of security for data and access, such as two-factor verification and timed expiration of access, granular settings for permissions and IP-based limitations. In addition, they adhere to rigorous conformity standards such as SOC 1 & SOC 2, ISO 27001, HIPAA, and CCPA. They also place a high value on security and privacy by maintaining detailed activity logs that demonstrate transparency and accountability. As a result, they’re an excellent choice for enterprises which require strict compliance with regulatory requirements.
