Virtual data rooms first appeared at the end of the last century – the technology has gradually improved, and now you can rely on it entirely. Therefore, it is necessary to put out of your mind any thoughts about cloud storage, which many are so used to, and start looking to the future with the latest security technologies.
How to choose VDR?
So, you have matured in your soul to the moment when you are ready to say goodbye to a certain amount of money for data security and choose a virtual room for this. There are dozens, if not hundreds, of such services today. So, what program will be the best virtual data room?
To begin with, it is worth understanding the selection criteria – what to look for when choosing data room software.
- Provider reputation. Agree, you don’t go to a doctor about whom your friends speak badly. With a virtual data room provider, the situation is about the same – you do not need to choose those about whom there is a nasty rumor. Read the reviews carefully, read the reviews.
- Work experience. Of course, there are some stale businesses for which any virtual data rooms are suitable. But there are also cases where the standard options are entirely inapplicable. Here you need to look at the provider’s experience and ask if he has worked with your company before.
- Data protection technologies. When you buy a virtual data room, you want to know that all your company data is completely safe. For security technology providers, it’s a matter of pride, so they’re always happy to cover it.
- Clear interface. After looking at the program just a few times, you should already be convinced that you can easily use it. In addition, every employee in your company should be able to understand the functionality. Especially if your business is small, you won’t be able to hire an administrator for a virtual data room.
- Money decides almost everything in the modern world. Therefore, a virtual data room should be affordable for your company. Choose software whose cost is commensurate with the income of the enterprise.
Perhaps one of your friends can advise you on a good option – ask your colleagues.
Best VDR Technologies
The best virtual data room providers include:
- One of the giants on the market, who has been working in this industry for more than a decade. It has all the possible and impossible features that businesses of all sizes need. Many praise iDeals for their ease of handling M&A transactions.
- The platform has received many positive reviews. Someone uses it for large transactions, someone it turned out to be useful for banal work with their management team.
- The program from this provider appeared back in 1999. Since then, the software has continuously developed, delighting customers with many valuable features. The best option for medium and large businesses.
- Excellent software for small and medium businesses. After all, even the tiniest companies deserve a safe and comfortable file experience.
Also highly respected are such providers: Intralinks, DealRoom, Brainloop, Ansarada, and so on.