A virtual data room is essential for the completion of sensitive projects, whether you’re an investment banker who provides advice to clients or a company that would like to share files outside the firewall. However, finding the most suitable VDR can be a challenge. Different providers differ in terms, security, capacity for storage, and even pricing. It’s easy to get overwhelmed by the variety of choices.
Understanding your needs is the first step towards making the process easier. It all boils down to what you want from your VDR. If you are unsure of your specific requirements, seek out the help of a knowledgeable advisor who can recommend the best solution to meet the requirements of your business. Software review sites like TrustRadius G2 Crowd and Capterra frequently provide valuable feedback on specific VDR providers. However, be wary of reviews that claim to be “Sponsored.” Many such review sites sell space to vendors and do not always publish accurate and honest user feedback.
In addition, to the basic features, you should look for a virtual data room with the capability of integrating with your existing systems and applications. This will help streamline your workflows, and improve communication. A VDR with a simple and comprehensive UI is also crucial. You should look for a VDR that lets you mark files and folders as favorites, and to filter them to show only these items. You should look for endless scrolling to help you review your documents faster and save time.