How to Find a Virtual Data Room Review Site

VDRs are virtual repositories of private documentation that is usually shared during M&A activities. They can help companies improve their data management, collaborate both internally and externally, as well as speed up deals processes. But, picking the right solution for your company takes some time and study. There are a myriad of software review websites that provide useful information on the top VDRs. These sites let you look for reviews based on the criteria of industry niches, pricing features, as well as support.

Compare the security of each VDR provider’s infrastructure. To protect yourself from cyber-attacks, seek out an encryption-secure repository that can provide advanced encryption of data, 24 hour backups, and redundant data centers at different levels. In addition, look for security certifications like ISO 27001, GDPR, CCPA and HIPAA.

Also, find out whether the vendor offers mobile-ready platforms and browser extensions to allow seamless integration with existing applications. Some VDRs include, for instance allow you to connect a virtual dataroom with your CRM application in order to improve due diligence. This allows you to communicate with bidders and transfer files from any location.

The legal market usually involves dealing with confidential documents, therefore it is important to find an organization that has industry-leading security measures. A good provider offers watermarking, role-based access, antivirus scanning and much more. It should also provide specific permissions for documents, so that only relevant files can be accessed. This feature could be especially beneficial during the Q&A portion of due diligence.