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It’s crucial to determine your primary purpose before deciding on a VDR. For example, if you need to share large volumes of sensitive documents as part of the process of acquiring or merging then you’ll want to make sure that the platform is able to support strict permissions and granular settings for auditing tracking, analytics, and tracking.
You should also ensure that the platform you choose is user-friendly and has a minimal learning curve, and offers 24/7 customer service in case of need. Also, look for features that align with the industry’s standards and workflows. These include a customisable user interface as well as NDAs, eSignatures, and real-time collaboration tools.
When comparing different providers, be aware of their pricing structure. You’ll want to choose the one that charges transparently by the amount of pages stored and is scaled according to your needs. Also, take a look at customer references and testimonials to gauge reliability and service quality.
Then, pick a provider with strong security features and an easy integration process. Top-rated VDRs offer multiple levels of security for both data and access, such as two-factor verification and timed expiration of access, granular settings for permissions and IP-based restrictions. In addition they adhere to strict standards of compliance such as SOC 1 & SOC 2, ISO 27001, HIPAA, and CCPA. In addition, they focus on security and privacy by keeping detailed activity logs that provide transparency and accountability. They’re a great choice for businesses who need to ensure strict regulatory compliance.
