Whether you’re an investment banker who advises clients click for source or an organization that wants to share sensitive documents outside the firewall, a quick Google search will reveal an array of VDR providers with varying prices performance, ease of use, and effectiveness. A bad VDR provider could cost you time, money and even an opportunity to make a deal. It is a good idea to take the time to look at pricing plans as well as specifications, features, security standards and customer service, you can find a dependable VDR solution that meets your needs without breaking the bank.

The most important thing to consider when choosing the right VDR is that it must be easy to use by all parties. Ideally, all participants should be able sign in from any device, including tablets, laptops, desktops and mobile devices for an uninterrupted due diligence or co-operation process. In addition, the VDR should provide a simple and intuitive user experience that’s easy to navigate. Some providers also provide additional features to help improve collaboration, including a Q&A section along with document annotations and the ability to assign tasks.

It’s also important to select the VDR with a robust data security. Some providers go above and beyond to secure your files using specific access controls that allow you to stamp your name on folders and collections of files to ensure that sharing is secure. For example, DocSend VDRs generate unique hyperlinks that you can copy and paste into email or instant messaging apps so you can send documents with a single click. They also stop users from saving files to their hard drives or printing them for non-authorized use.