A virtual data room is essential for completing sensitive projects, whether you’re an investment banker who offers advice to clients or a company that is looking to share data outside the firewall. Finding the right VDR isn’t always straightforward. Different providers offer different features security, performance, storage capacity and even pricing models. It is easy to be overwhelmed by the plethora of options.
Understanding your requirements is the first step in making the process simpler. It all comes to what you require from your VDR. If you’re not sure of your exact needs, seek out the help of a qualified advisor who can recommend the best solution to meet your business needs. Sometimes, review sites for software like TrustRadius, G2 Crowd, and Capterra provide useful feedback on specific VDR providers. Beware of “Sponsored” reviews. Many review sites that offer space to vendors may not always provide honest feedback from users.
In addition to the standard features, you should look for an online data room that has the capability of connecting to your existing systems and applications. This will streamline your workflows, and improve communication. A VDR with an intuitive and user-friendly interface is also essential. Find a system that lets you mark folders and files as favorites, and to filter to show only the items you want to see. Also look for infinite scrolling, which will help speed up the review process and save time.