How to Choose the Best Virtual Data Review Platform

When selecting a virtual data review, make sure you choose a service that provide modern, user-friendly interfaces. You should look for tutorials, guides, and assistance to help you onboarding. Make sure that the platform is integrated seamlessly with other tools and software. It is also important to determine whether the pricing structure is subscription-based or pay-per-use, or one-time.

In addition, you should choose providers that provide multiple modes of support such as live chat, email and phone. It is important to choose a service that has systems to backup your data and recovery in case of any unexpected problems or natural disasters. If you decide to terminate or change providers, make sure you have a plan in place on how your data will be moved out of the VDR.

Datasite is a programmable platform with a simple permission system for M&A professionals. It can also handle large file sizes and allow the batch uploading of files, optical character recognition and an index that can be searched. It is a good option for law firms. However, it comes at an expensive price tag compared to other competitors. Securedocs is a different VDR which offers a smooth user experience and quick setting up time, and also offers a number of security options, such as watermarking and audit logs.

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