Choosing a Virtual Data Room
Virtual data rooms have become a vital tool in M&A deals, IPO releases and fundraising by startups. They are also used to conduct due diligence. They make sharing documents more secure and faster and aid in ensuring the compliance of regulatory authorities. Making the right choice for the right VDR provider requires thorough research and evaluation. Review platforms like Capterra and Trustpilot are a good place to start, however it is equally important to look through third-party reviews of colleagues and acquaintances.
In addition to a standard user interface, the top virtual data rooms offer features that streamline and simplify operations for everyone in the company. This includes a customizable interface with custom branding, a single sign-on across all projects, and a structure for files that is simple to navigate on all devices. Find VDRs that come with 8 levels of document rights and more granular permissions.
It’s also important to look at the customer service offered by each provider of virtual data room. Choose a support team that is accessible 24/7, and offers various contact options, including live chat and telephone. It’s also beneficial to find out whether they’re able translate their support into your local language. The best virtual data room provider will also be able to seamlessly integrate with storage platforms, and offer a get more free 30-day trial. This lets you test the software and make a more informed decision regarding its suitability for your particular project.