https://dataroomsite.com/how-to-choose-a-virtual-data-room/
Virtual data room providers come in all shapes and size, and offer a variety of features which make them useful for a wide range of business processes and projects. But, despite their appearance, not all virtual data room providers are all created equal. Even tiny differences in performance can make a big difference when it comes to your project. That’s why it’s essential to consider your options and choose the VDR service that has the appropriate functionality for your requirements.
Virtual data rooms can help you meet your goals whether you’re trying to simplify mission-critical processes and transactions or assist with M&A Due Diligence. Here are a few points to consider when evaluating VDR providers:
Look for the VDR that can support the extensions for files you require to upload your documents. Some providers offer additional services to ensure that your transaction is successful, including consulting and training. While these services aren’t required, they could save time and money if your business is involved in a complex or high-value transaction.
To safeguard your uploaded files from unauthorized access or disclosure ensure that you select a VDR with strong security features. Multi-factor authentication, encryption and audit trails are essential features to ensure that sensitive information is kept secure.
Search for the VDR with specific permissions for users, groups and documents to ensure only the right people are able to view the correct document at the right moment. It should also offer features to prevent unauthorized downloads, like dynamic watermarking, locking to IP, and the expiration of access to documents. Also, it should be able to revoke access remotely even after the downloaded files have been opened.