How to Compare Virtual Data Room Providers

There are a myriad of online data rooms available and all of them have their own pricing structure. Comparing the costs and features is essential in determining the most suitable virtual data room for your business. While cloud storage options like Dropbox or Google Drive may be suitable for personal use but a virtual dataroom is a more secure option to share business documents. The most secure VDR providers prioritize security by offering advanced options like user authentication as well as access restrictions, malware scans firewalls, fetch views and two-step verification.

It is also important to consider the ease with which you can use the software. Check out the languages it supports and if it is compatible with different operating systems and mobile devices. You can also see if the virtual room supports different formats of files so that you can upload images, videos and presentations.

Also, look for an online service that offers a comprehensive suite of reports, robust digital rights management, as well as convenient drag-and-drop functions. You should be able to create custom templates for each deal and access detailed activity logs. Make sure that the virtual data room has an array of integrations including ERPs and ecommerce platforms.

When conducting an VDR comparison, it’s important to take the time to review the reviews on both the website of the provider and third-party websites. Also, verify if the company offers VDR training for its clients. A competent customer support team will help new users learn how the software functions and set up access levels, and manage the contents of a virtual data room.