Virtual Data Room Providers Comparison

Virtual data room comparison can be a challenging task and there are numerous aspects to consider when choosing the best VDR vendor for your project or deal. Some key areas to consider include security, storage, and collaboration capabilities. VDRs also utilize a variety of pricing models. Legacy providers, who are established firms that began as printing services for the financial sector, and then changed to digital media, use pricing models dependent on the number of pages. This pricing method can be costly and difficult to understand. Generic file-sharing services are often cheaper, but they come with their own set of limitations, including the absence of professional support beyond business hours and limited capabilities for document tracking and reporting.

Security is a key element of any online repository. The most reliable VDR providers offer a range of security features to protect sensitive data. Look for two-factor authentication, timed access expiration, changes to passwords, complexity of passwords, IP address restrictions, and audit trails that provide thorough information about the activity of documents. Additionally, look for internationally recognized security compliances, such as ISO/IEC 27001 and SOC 2, GDPR and HIPAA.

Many of the top providers include additional services within their core VDR offering. These may include training and help desk services and other support and onboarding features which can save you money over the long term. When evaluating vendors it’s important to take into account these alternatives. However, some of these extras may not be required for your specific needs.