When it is about the security of critical business documents, it’s no longer enough to purchase a couple filing cabinets. Today, companies collect and process huge chunks of crucial data every single minute. These data must be protected and accessible. Virtual deal rooms are the most efficient way to manage, organize, store important documents, and share them with others.
How do you decide the best one? There are a lot of vendors in the market, and each of them has different options and features. You can compare them by reading user reviews on reputable sites such as G2 and Capterra. Read what users have to say regarding the usability of the VDR, customer’s response to feedback, and how long customers have been using it for.
Another aspect to consider when comparing virtual deal rooms providers is their security features. Look for advanced security features, including two factor authentication, access expiration and restrictions based upon the duration of the session and IP addresses. Also, verify if the virtual data room provider has certifications that are in compliance like ISO 27001, GDPR, CCPA and HIPAA, as this will ensure that your information is handled in compliance with the applicable regulations.
Also, when comparing virtual deal room providers make sure you check their pricing plans. Some have flat rates, while others offer tied pricing that rises according to the number of features you use. Choose the one that is the best fit for your budget.
