Virtual data rooms have become an essential tool in M&A deals, IPO releases and fundraising by startups. They are also used for due diligence. They aid in ensuring regulatory compliance and make document sharing faster and more secure. Choosing a VDR provider requires thorough research read and evaluation. Review platforms for software like Capterra and Trustpilot are good places to begin, but it is equally important to read reviews from third-party sources from friends and colleagues.
Alongside a uniform user interface, the top virtual data rooms provide features that make it easier and more efficient to run operations for everyone in the company. This includes a customizable UI with custom branding and a single sign-on option for all projects, and a simple data structure that works across various devices. It is also essential to look for VDRs with more flexible permission settings and 8 levels of access rights to documents.
It’s important to also consider the customer service offered by each provider of virtual data rooms. You should look for a support team who is accessible 24/7 and has a variety of channels for communication including live chat as well as phone. It is also important to determine whether they’re able to translate their support into your own language. The ideal virtual data room provider will also be able to seamlessly integrate with storage platforms, and provide a 30 day free trial. This allows you to try the software and make an informed choice about its suitability for your specific project.