When it is about sharing and storing sensitive files, businesses need a virtual data space (VDR) that protects private information from leaking. Online VDR companies offer a service that meets this urgent need for all kinds of businesses from small start-ups up to global corporations.
The best virtual datarooms are easy to use and secure. They also offer additional services, such as consulting or training. Many vendors offer these services at a reduced price when they’re purchased together with their VDR.
To select the most suitable online VDR it is important to be aware of the requirements of your business. Consider the size of the project or transaction, as well as the amount of documents will be stored. For example, large corporations require a range of document management tools, whereas smaller businesses might only require the basic features.
Certain VDR companies offer specific services that are beneficial during a specific deal. For example, AiQ bidder involvement or due diligence Q&A sections. Certain VDR providers offer broad range of capabilities and can be used for any type of project. For example, iDeals provides a comprehensive range of business tools as well as security features such as audit trail reporting, two-step authentication, and the fence view feature.
You should also consider the security certificates a provider has obtained. Look for ISO 27001, SSAE 16 and SOC 2 certifications. In addition, you should check if the vendor offers either a trial or a demo versions. A good virtual space should offer a trial version to let you test the product prior to committing.