If you’re an investment banker providing advice to clients or a company that is looking to share sensitive documents outside the firewall, a simple Google search will reveal a bevy of VDR providers that range in price as well as functionality, user-friendliness, and effectiveness. The wrong VDR provider could cost you time, money and even an opportunity to make a deal. Fortunately, by taking the time to evaluate pricing structures, options, security standards, and customer support You can choose an affordable VDR solution that will meet your needs without breaking the bank.
The most important factor to consider when choosing the right VDR is to find one that is simple to use for all parties. Ideally, everyone should be able sign on from any device, including desktops and tablets, laptops, and mobile devices, to facilitate an effortless due diligence or collaboration. The VDR should also offer an intuitive and simple user interface that is easy to navigate. Some providers also offer additional features to enhance collaboration. They can include an area for Q&A along with document annotations and the ability to assign tasks.
It is also essential to select the VDR with a robust security for data. Certain providers go far beyond the norm to safeguard your files by granting you an extensive control over access. This allows you to stamp your authority onto collections and folders for secure sharing. For example, DocSend VDRs generate unique hyperlinks that you can copy and paste into email or instant messaging applications, allowing you to send files with just a click, and they prevent users from saving documents to their hard drives or printing them for unauthorised use.
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