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

Companies are often forced share sensitive data with employees or professionals, be it lawyers examining contracts accounting professionals conducting audits, or compliance auditors examining data leaks. In these instances, virtual data rooms (VDRs) can help protect sensitive data while offering a secure platform for sharing information. The top VDR providers offer multiple options, pricing points, and security implementations which can be tested through free trials offered by most vendors in the market.

The most important aspect to consider when choosing the right VDR provider is the platform’s security measures. Choose a vendor that offers a variety security certifications, such as FedRAMP, FINRA, HIPAA and GDPR. Also, make sure the VDR has document processing capabilities that recognize text in various file formats. It can also convert PDFs to searchable documents.

Another aspect to look for is the VDR’s compatibility across different operating platforms and devices. Modern platforms should support iOS and Android smartphones, Windows or macOS desktops and Linux servers. It should also allow options for data hosting locations and physical storage.

When you are looking for a VDR provider, be sure to read its reviews from both external and internal sources. Look for a VDR provider that has a solid track record and a huge number of positive reviews on third-party platforms, such as Trustpilot or Software Advice. Make sure to read employee reviews on websites like Glassdoor. They will give you an idea of a company’s culture and ethics.