A virtual dataroom is beneficial in a variety of business scenarios. It can be used by executives at the C-level to share data with investors, service providers or other companies. It could be used by HR departments to manage employee records or project managers who are involved in various aspects of their work. Whatever the reason it is, a VDR that has strict security measures already in place can to streamline transactions and prevent any misuse of information.
The type of information you’re planning to upload will determine what features you require for, like two-factor authentication or granular permissions. You should also check if the software is compatible with other programs that your business uses, as you’ll often save time and effort by unifying your VDR with other tools such as Salesforce or Slack.
When choosing when choosing a VDR You should consider how many users will use the platform as in addition to the amount of storage you’ll need. Some legacy providers charge per page, which could quickly exceed your budget. Other options include per user or a fixed monthly fee.
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. iDeals for instance, and Securedocs are both user-friendly simple interfaces, and are suitable for small- and medium-sized businesses. They are ISO-compliant, and offer clear pricing without any hidden charges or contracts.