Whether you’re an investment banker advising clients or an enterprise looking to share sensitive documents outside the firewall, a simple Google search will yield an array of VDR providers that range in price performance, ease of use, and efficacy. A bad VDR provider could cost you money, time and even the possibility of a business transaction. Fortunately, by taking the time to compare pricing plans and the features, security standards, and customer service You can find an efficient VDR solution that meets your needs without breaking the bank.
The most important aspect to consider when selecting a VDR is finding one that is easy to use for all parties. Ideally, all parties are able to sign in from any device, including desktops, laptops, tablets, and mobile devices for a seamless due diligence or collaboration process. The VDR should also provide an intuitive and simple user interface that is easy to navigate. Some providers offer additional features that help improve collaboration, including a Q&A section, document annotations, and the ability to assign tasks.
It’s also important to select the VDR with strong data security. Some providers go the extra mile to protect your files with restricted access, allowing you to stamp your signature on collections of folders and documents for a secure file sharing. For example, DocSend VDRs generate unique links that can be copied and pasted into instant messaging or email apps so you can send files in a single click, and they prevent users from saving files to their hard drives or printing them for non-authorized use.