When choosing a virtual data review, look for providers that provide modern and intuitive interfaces. Onboarding should be facilitated with guides, tutorials, and customer service. Make sure the platform is integrated seamlessly with your other programs and tools. It is also important to know whether the pricing structure is subscription-based, pay-per-use or one time.
In addition, you should choose providers that offer a variety of support, such as live chat or email, as well as phone. It is recommended to select providers that have systems to backup your data and recovery in the event of any unexpected issues or disasters. If you decide to terminate or switch providers, be sure you have a plan on how your data will be transferred out of the VDR.
For M&A professionals, Datasite offers an easy-to-use platform that is user-friendly and has a simple user-permission system. It can also handle massive files and allow the upload of large quantities optical character identification, as well as an indexable database. It is a good choice for law firms. However, it has a higher price point than other competitors. Securedocs is another VDR provides a user-friendly interface and quick setup time. It also has several security features such as watermarking and audit logs.
