How to Evaluate a Virtual Deal Room Provider

A virtual deal room is an effective tool to share documents in a controlled manner. Its primary objective is to replace email or other file sharing tools that could expose sensitive information to unauthorized users. It could result in legal liabilities. It is therefore essential to be aware of the security features of VDRs. VDR. Look for features like two-factor authentication and multiple levels of permission. It is also important to examine the VDR provider’s certifications to be sure they meet the industry standards.

During the assessment when you evaluate the VDR, pay attention to the VDR provider’s implementation of the user interface. The ideal solution should be simple, easy to use and easily accessible to the accountant in the entry-level position and the CFO. It should also offer flexible options for deployment and the possibility to install preferred integrations. In addition, it must be compatible with various operating platforms and devices, since certain companies employ workflows that require the same functionality when working remotely.

Another aspect to consider is the level of customer support offered by the vendor. If you encounter any issues or issues with the software, it is crucial that you are able to contact the support team via phone or live chat. You should be able to check how other users rated the support on third-party review sites such as Trustpilot and Software Advice. This can give an insight into the level of customer support provided by the virtual deal rooms service. It is also beneficial to read the reviews on the website of the vendor.

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