Comparison of virtual data room providers is a complicated procedure, and a variety of factors are involved in choosing the best VDR vendor for a particular deal or project. The primary areas to be considered include security, storage and collaboration capabilities. Furthermore, different VDRs use a variety of pricing models. Legacy providers, which are companies that started out as financial printing companies and later adapted to digital media usually use a per-page pricing model. This pricing method can be costly and hard to comprehend. Generic file sharing is usually cheaper, but comes with some limitations. These include a lack professional support outside of business hours, and limited tracking and reporting capabilities.
Security is a key element of any online repository. The most reliable VDR providers offer a wide range of features to safeguard sensitive information. Look for two-factor authentication with timed expiration of access, complex passwords and requirements for change, IP address restrictions, and audit trails that provide detailed information about the activity of documents. Additionally, look for internationally recognized security compliances, such as ISO/IEC 27001 & SOC 2, GDPR, and HIPAA.
A lot of top providers incorporate additional services in their VDR offering. These could include helpdesk and training services, and onboarding and support functions. When evaluating vendors it is important to look at these choices. However there are some extras that might not be necessary for your specific needs.