How to Choose the Best Virtual Data Room (VDR) Providers

Companies are often forced to share sensitive data with other employees or professionals, whether it’s lawyers reviewing contracts accounting firms conducting audits or compliance auditors checking on data leaks. In these scenarios a virtual data room (VDR) can be a great way to protect sensitive data and provide an encrypted platform for sharing. Most vendors offer free trials that allow you to test the best VDR providers. They have a wide selection of features, prices and security implementations.

The most important aspect to consider when choosing a VDR provider is the security of the platform. Select a vendor that offers various security certifications, including FedRAMP and FINRA. Additionally, ensure that the VDR has document processing capabilities that detect text in many formats, and scan and convert PDFs into searchable documents.

Another thing to consider is the VDR’s ability to be used on different operating systems and devices. Modern platforms should be compatible with iOS and Android smartphones, Windows or macOS desktops as well as Linux servers. It should also have options for data hosting facilities and physical storage.

Finally, when looking for a VDR provider, look over its reviews from both external and internal sources. Look for a service that has an established track record in the industry and a substantial number of positive reviews on third-party platforms, such as Trustpilot or Software Advice. Also, be sure to look through employee reviews on websites such as Glassdoor. They can give insight into the company’s ethics and its culture.

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