Virtual data room has become a key tool in M&A transactions, IPO releases, fundraising by startups, and due diligence processes. They aid in ensuring regulatory compliance and make document sharing faster and more secure. Selecting a VDR provider requires thorough research and evaluation. Software review platforms such as Capterra and Trustpilot can be a great place to start. However, it is also important that you read reviews from third parties.

Alongside a uniform user interface, the best virtual data rooms come with features that streamline and simplify operations for everyone in the company. This includes a user interface that can be customized with custom branding, a single sign-on for all projects and a structure for files that is simple to navigate on every device. It’s also important to look for VDRs with permissions that are granular and eight levels of access rights to documents.

It’s important to also consider the customer service offered by every provider of virtual data rooms. Choose a company that is accessible 24/7 and provides various channels for contact such as live chat and phone. It’s also helpful to know whether they are able to translate their support into your native language. Additionally, the most suitable virtual data room providers provide a seamless integration with storage platforms and provide an opportunity to try their software for free for up to 30 days. This allows you to try the software and make an informed decision regarding the suitability of the software for your specific project.