Whether you’re an investment banker offering advice to clients, or a business seeking to share documents outside the firewall, an audit of the virtual data room is essential for completing projects involving sensitive information. Finding the best VDR isn’t always simple. Different providers differ in terms of functionality security, capacity, and even pricing models. It is easy to become overwhelmed by the number of options.
Understanding your requirements is the first step towards making the process easier. It all boils down to what you’re looking for from your VDR. If you’re unsure of your specific requirements take advantage of a qualified advisor who can suggest a solution that meets all your business needs. Software review sites such as TrustRadius G2 Crowd and Capterra often provide valuable feedback on particular VDR providers. However, be cautious of reviews that are marked «Sponsored.» Many such review sites offer space to vendors and may not always publish true and honest feedback from users.
You should also consider virtual rooms that integrate with your current systems and applications. This will simplify your workflows and enhance communication. A VDR with a simple and comprehensive UI is also important. Find a system that allows you to mark folders and files as favorites, and to filter your search to show only those items. Also, look for infinite scrolling, which can accelerate the review process and save you time.