A virtual dataroom is useful in a variety of business scenarios. It can be utilized by executives at the C-level to share information with investors, service providers or other companies. It can also be utilized by HR departments to manage employee records, or project managers who are involved in various aspects of their work. Whatever the reason, a VDR with stringent security measures already in place can help to streamline transactions and prevent any misuse of information.
The nature of the data you’ll be uploading to your VDR will influence what features you’ll require such as granular users access and two-factor authentication. It is also important to determine if the software is compatible with other software your firm uses, as you’ll typically save time and effort by unifying your VDR with other tools such as Salesforce or Slack.
When choosing when choosing a VDR, you should be aware of the number of users will be using the platform as in addition to the amount of storage you’ll need. For instance, some older providers still charge per page prices that can quickly add up and exceed your budget. Other options are 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 right here and support at a fraction of the price of legacy providers. For example, iDeals and Securedocs are suitable for small and medium-sized businesses and have simple and intuitive interfaces. They’re also ISO conforming and offer transparent pricing with no hidden fees or contracts.
