How to Compare VDR Providers

When choosing a VDR service, it’s vital to first establish the primary reason for use. If you’re looking to share a lot of sensitive documents in the course of a merger or an acquisition, for instance it is important to make sure that the platform supports strict permissions and a detailed auditing and tracking.

It is also important to ensure that the platform you choose is user-friendly and has a minimal learning curve, and offers 24/7 customer service if needed. Then, look for features that meet the industry’s standards and workflows. This includes a customizable user interface, NDAs, eSignatures and real-time collaboration tools.

Check out the pricing structure of different providers. You’ll want to choose one that is transparently charged in relation to the number of pages saved and can be scaled according to your requirements. Finally, look at client testimonials and references to determine reliability and service quality.

Lastly, choose a provider with strong security features and an easy integration process. The top-rated VDR providers offer multiple levels of access and data protection such as two-factor authentication timed access expiration, granular permission settings, and IP address-based restrictions. Additionally, 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 keeping detailed activity logs that provide transparency and accountability. They are therefore a good option for businesses that need to adhere to strict regulatory compliance.

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