How to Choose the Best Virtual Data Room (VDR) Providers
Companies are often required to share sensitive data with outside professionals or employees – whether it’s lawyers reviewing contracts, accounting firms conducting audits or compliance auditors examining for data leaks. In these instances virtual data rooms (VDRs) can protect sensitive files and provide a secure platform for sharing information. The best VDR providers provide multiple features, price points and security solutions which can be tried during free trials offered by most vendors in the industry.
When selecting a VDR, the most important thing to take into consideration is the platform’s security level. Make sure you choose a vendor with various security certificates, including FedRAMP and FINRA. Additionally, ensure that the VDR is equipped with document processing capabilities that can recognize text in a variety of formats, and can scan and convert PDFs into searchable documents.
Accessibility of the VDR across different operating systems is an additional aspect to take into consideration. A modern, reliable platform should support iOS and Android phones, Windows or macOS desktops and Linux servers. It should also have options for data hosting sites and physical storage.
If you’re in the market for a VDR provider, be sure to read its reviews from both external and internal sources. Look for a provider with an extensive track record in the industry and a significant number of positive evaluations on third-party platforms, such as Trustpilot or Software Advice. Make sure to read employee reviews on sites like Glassdoor. They can offer insight into the ethics and values of a company’s employees.