Whether you’re an investment banking professional advising clients or an enterprise looking to share sensitive documents beyond the firewall, a simple Google search will yield several VDR providers ranging in price features, functionality, user-friendliness and efficacy. Choosing the wrong VDR provider could cost you time, money and even a deal. If you take the time to look at pricing structures, features, security standards and customer support You can choose a dependable VDR solution that meets your needs without breaking the bank.

The most critical factor in selecting the right VDR is finding one that is simple to use for all participants. Ideally, all participants should be able to sign-in from any device including desktops, laptops, tablets and mobile devices for an continuous due diligence or cooperation process. Additionally the VDR should provide a simple and intuitive user experience that’s easy to navigate. Some providers provide additional features to enhance collaboration. They can include the Q&A section, document annotations and the ability assign tasks.

It is also important to look for a VDR that has robust security for data. Some providers go further to secure your files by offering the ability to control access. This allows you to apply your authority to collections and folders for secure sharing. DocSend VDRs, for example, generate unique links you can copy and paste into email messages or instant messaging applications to send files with just one click. They also prevent users from saving documents on their hard drives or printing illegal copies.

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