What to Look for in a Virtual Data Room Review

If you’re an investment banker advising clients, or a business seeking to share files beyond the firewall, an audit of the virtual data room is vital to complete projects involving sensitive information. However, finding the right VDR can be a difficult task. Different providers differ in terms of functionality security, speed, capacity storage, and even prices. It is easy to become overwhelmed by the sheer number of options.

Understanding your requirements is the first step to making the process easier. It all boils down to what you want from your VDR. If you’re not sure of your exact needs then seek the advice from a qualified expert who can suggest the best solution to meet your requirements for business. Software review sites like TrustRadius G2 Crowd and Capterra often provide valuable feedback on particular VDR providers. Beware of “Sponsored” reviews. Many review sites which sell space to vendors might not always give honest feedback from users.

In addition to the basic capabilities, you should look for an online data room that has the capability of integrating with your existing systems and applications. This will simplify your workflows, and improve communication. A VDR with simple and intuitive UI is also essential. You should search for one that allows users to choose the folders and files to be your official statement favorites and filter them to only show these items. Search for endless scrolling in order to make it easier to review documents and save time.