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

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Companies are often required to share sensitive data with outside professionals or other employees – whether it’s lawyers reviewing contracts or auditing firms from accounting firms or compliance auditors who are looking for leaks in data. In these cases, virtual data rooms (VDRs) can safeguard sensitive data while providing a secure platform for the sharing of information. The top VDR providers offer multiple options, pricing points, and security solutions which can be tested through free trials offered by many vendors in the market.

The most important factor to consider when choosing the right VDR provider is the platform’s security measures. Choose a vendor who offers a wide range of security certifications, including FedRAMP and FINRA. Make sure that the VDR can also recognize text in a variety of file formats, as well as scan and transform PDFs into searchable files.

Another thing to be looking for is the VDR’s compatibility across different operating platforms and devices. A modern platform should support iOS and Android smartphones, Windows or macOS desktops, and Linux servers. It should also offer options for data storage and hosting locations.

When looking for a VDR, it is important to check reviews from both internal as well as external sources. Look for a provider with a long-standing track record within the industry, and a significant number of positive evaluations on third-party platforms like Trustpilot or Software Advice. Also, make sure to look through employee reviews on websites such as Glassdoor. They can provide insight into the company’s ethics and its culture.

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