Virtual Data Room Providers Comparison

Virtual data rooms streamline due-diligence and M&A procedures, making them a requirement for businesses across all industries. The top VDR providers offer a wide array of features that are specifically designed for various kinds of projects and business. Some of these features are standard to all online repositories while others are more sophisticated and can be purchased at an additional cost. In this article, we’ll compare the capabilities of some of the most popular platforms.

To choose a virtual dataroom it is first necessary to establish your company’s requirements. Check if the platform has additional security features such as fence view or remote wipe. Additionally, look at the number of users permitted because some vendors restrict user access to specific folders or documents. This could be problematic when you’re handling massive transactions.

You should also check whether the vendor has support available around-the-clock. Some of the best vendors have live customer support representatives who can help with any issues that you may run into. Also, make sure to read independent reviews (G2 Crowd or Capterra are two excellent examples) and ask the vendor if they have the option of a demo or free trial.

Also, take a look at pricing plans. Some providers offer plans based on storage capacity, which is perfect for businesses that upload only small volumes of documentation. Some providers offer a pricing plan that is based on the number of users which is perfect for small companies and a small-scale projects. Consider also whether the provider has servers in close proximity to your location. This could boost performance and speed of data processing.

content