It is important to identify the primary purpose for which you’re using a VDR. If you need to share a lot of sensitive documents as part of a merger or acquisition, for instance, you will want to ensure that the platform supports specific auditing and permissions as well as detailed auditing and tracking.

Also, you’ll want make sure that the platform is user-friendly, has a short learning curve, and provides 24/7 support in the event of need. Then, look for features that are compatible with the industry’s standards and workflows. These include a customisable user board meetings interface, NDAs, eSignatures and real-time collaboration tools.

While comparing various providers, take note of their pricing structure. You should select a solution that charges transparently per page and can be scalable depending on your needs. Additionally, look through customer testimonials and references to judge reliability and service quality.

Choose a VDR provider that offers robust security features, and a seamless integration process. Top-rated VDRs offer multiple levels of security for data and access, including two-factor authentication and timed expiration for access, flexible permissions settings and IP-based restrictions. They adhere to strict compliance standards, such as SOC 1 & SOC 2 ISO 27001, HIPAA and CCPA. They also value privacy and security by maintaining meticulous logs of activities, which show transparency and accountability. Therefore, they’re an excellent choice for enterprises which require strict compliance with regulatory requirements.