A virtual data room can aid in a number of business scenarios such as executives at the C-level sharing data with service providers, potential investors or other companies HR departments who manage employee records, or project managers who are involved in different aspects of operation. A VDR that is secure and has the right measures in place can help to speed up transactions and prevent any misappropriation.
The type of data that you’ll uploading to your VDR will influence what features you’ll need for, like granular user permissions and two-factor authentication. Also, make sure that the software can be used with other applications your company uses, as you’ll typically save time and effort by integrating your VDR with other tools such as Salesforce or Slack.
When choosing the right VDR, you should take into account how many users will use the platform, as well as the amount of storage you’ll need. For instance, some older providers still charge per page, which can quickly increase and over your google maps budget. Other options include per user or a flat monthly cost.
There’s also a new breed of modern VDR providers who leverage technology innovations and efficient Software-as-a-Service delivery models to offer professional-grade document control, security and support at a fraction of the price of legacy providers. For example, iDeals and Securedocs are both suitable for small and medium-sized businesses and have simple, intuitive interfaces. They are ISO-compliant, and offer clear pricing without hidden fees or contracts.
