Comparison of VDR providers is a complicated procedure, and a variety of factors are involved in selecting the right VDR vendor for a specific deal or project. Security, storage and collaboration are just a few of the most important aspects to consider. Additionally there are a variety of VDRs utilize a variety pricing models. Legacy providers, which are long-established companies that began as financial printing services and then adapted to digital medium usually utilize a per-page pricing method. This pricing method can be costly and difficult to comprehend. Generic file-sharing is often cheaper, but comes with its own limitations. They include a lack of professional support outside of business hours and limited tracking and reporting capabilities.
Security is a vital element of any online repository. The top VDR providers provide a variety of security features that safeguard sensitive information. Look for two-factor authentication as well as timed access expiration changing and complexity requirements for passwords, IP address restrictions, and audit trails that provide thorough details of document activity. Also look for security standards that are internationally recognized, such as ISO/IEC 27001 & SOC 2, GDPR, and HIPAA.
Many leading providers bundle additional services within their core VDR offering. These include helpdesk, training, and onboarding and support functions. It’s recommended to consider these options when evaluating potential vendors, but remember that some of these additional services might not be necessary depending on your needs.