How to Choose a Virtual Data Room
Virtual Data Room (VDR) is a distinctive software product for business that helps reduce the risk of data breaches. It also makes it easier for dealmakers to exchange confidential files on different platforms and devices. It is designed for M&A, due diligence, litigation support, and other complicated processes which require secure sharing of documents with multiple parties simultaneously. Its security features like multi-factor authentication sessions, session timeouts, geographical restrictions, granular permissions for users, and secure file viewer with watermarking, view only mode, screenshot blocking and encrypted downloads guarantee the security of sensitive data and prevent unintentional leakage of information.
VDRs also come with advanced collaboration tools, including document annotations, Q&A sections as well as the ability to assign tasks that speed up the contract-making process dramatically. VDRs tend to be more expensive than cloud-based storage products. However, the higher price is justified by their superior security.
When choosing a VDR, ensure that there are dedicated areas on its site where you can read testimonials and customer stories. Also look for the opportunity to try a trial program, extensive options for deployment, and an adjustable interface. Also, make sure the provider offers a flat monthly fee or several pricing options like per-storage or Virtual Data per-page, and/or per-user. Be sure to check out the help section of the vendor, which may include articles and videos as well as phone and in-app assistance. iDeals is a great VDR with an intuitive and extensive UI that allows you to manage your data effortlessly. Its various reporting options are especially useful and helpful in analysis of data.
