Virtual Data Room Providers Comparison
By

Virtual data rooms simplify due diligence and M&A processes which makes them essential for companies in almost all sectors. The best VDR providers provide a wide array of features that are specifically designed for different kinds of projects and business. Some of these features are standard to all online repositories however, others are more advanced and might cost higher costs. In this article, we compare the capabilities of some of the most popular platforms.

The first step to choose a virtual data space is to figure out the requirements of your business. Be sure to consider whether the service offers additional security features such as fence view or remote wipe. Also, check the number of users, as some companies restrict users’ access to specific folders or documents. This could be a problem for large transactions.

Also, make sure to check if the vendor has support available all hours of the day. Some of the best vendors have live customer support personnel who can help you with any problems that may arise. Also, check out reviews on independent sites (G2 Crowd and Capterra are good examples) and then contact the vendor to inquire whether they have a no-cost trial or demo period.

Review pricing plans. Some providers offer plans based on the quantity of documents you can save which is ideal for companies who upload a limited volume of documentation. Some providers offer pricing plans that is based on the number of users which is perfect for small companies and a projects that are only short-term. Also, consider whether the service has servers located near your location. This could boost performance and content speed of data processing.