What to Look for in a Virtual Data Room for Business

A virtual dataroom for business is a repository online which provides a secure space for sharing confidential information beyond the firewalls of a company. It is used in a variety of tasks including M&As as well as due diligence and project management.

The top VDRs come with numerous security features to prevent hackers from gaining access to sensitive documents. These include granular access permissions, which permit administrators to block specific documents and folders from users, NDA popups, which show automatically to any user downloading documents and activity logging which records all interactions within the VDR. Other security features include a customizable dashboard and an SSL secure connection.

It is also crucial to consider the way a VDR provider handles the documents its customers upload onto the platform. Certain vendors provide a range of tools for managing the data. They include multilingual search (about sixteen languages), OCR and file preview. This makes it easier for both small and large companies to locate the data they require and use it.

The pricing policy is another factor to take into consideration. Some providers charge flat monthly fees, while others offer various packages based on the number of pages, storage size and per-user fees. A free trial period is always a benefit when selecting a service.

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