Compare virtual data rooms to find the features that are most essential for your team. This is particularly important for those involved in sensitive projects that require speedy document sharing, due diligence and project management.
When selecting a provider, a security suite that is robust should be considered. Consider options such as dynamic watermarks, locking to IP and the capability of users to deactivate remote access after downloading files. These security measures ensure that intellectual property is protected throughout the due diligence phase as well as other critical phases of transactions.
Also, make sure to check out pricing structures before deciding on a service. There are many VDRs are available with different prices based on the number of users, pages, or storage capacity. Some providers offer per-page or per-user pricing model, while others have an annual flat fee. A recurring monthly cost is the most common choice since it does not incur overage charges. Some providers also have a pricing model for storage size that is based on the volume of data stored in the VDR, which may be a great option for those who exchange predominantly small text files.
Furthermore, certain VDRs provide granular analytics for all documents, activities and users in the data room. This is advantageous from a security standpoint and also aids in project management by giving teams an overview of the storage requirements for their data. Other aspects to consider when looking at data rooms include view-only access and document annotation, a user-friendly interface, and integration with popular platforms.