How to Compare VDR Providers
When deciding on a VDR provider, it’s important to first determine your primary use case. For instance, if you need to share large quantities of sensitive information during an acquisition or merger it is important to ensure that the platform is able to support granular permission settings and detailed auditing tracking, analytics, and tracking.
You should also ensure that the platform you select is easy to use, has a low learning curve, and offers 24/7 customer support in the event of need. You should look for features that are aligned with the standard workflows and standards of your industry. They include a user-friendly interface such as NDAs or eSignatures, as well as real-time collaboration tools.
Check out the pricing structure of different providers. You’ll want to choose a solution which charges transparently according to the number of pages saved and is scaled according to your needs. In addition, you should look over customer testimonials and references to judge the reliability of their service and its quality.
Then, pick a provider that has robust security features as well as an easy integration process. Top-rated VDRs have multiple levels of security for both data and access, including two-factor verification as well as timed expiration of access, granular permissions settings, and IP-based restrictions. They also adhere to strict compliance standards, including SOC 1 & SOC 2 ISO 27001, HIPAA and CCPA. Moreover, they prioritize security and privacy by storing detailed activity logs that demonstrate transparency and accountability. They are therefore a good option for businesses that need to ensure strict regulatory compliance.