Businesses are often forced to share sensitive information https://tradedataroom.com/what-is-virtual-data-room/ with other employees or professionals, whether it’s lawyers reviewing contracts accounting firms conducting audits or compliance auditors examining leaks of data. In these situations, a virtual data room (VDR) can be a great way to protect sensitive data and provide a secure platform for sharing. Many vendors offer free trials that let you test the best VDR providers. They offer a broad variety of features, pricing and security options.

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The most important thing to take into consideration when selecting the right VDR provider is the security of the platform. Find a vendor who offers a variety security certifications such as FedRAMP, FINRA, HIPAA and GDPR. Ensure that the VDR can also detect text in many file formats, and convert PDFs into searchable files.

Accessibility of the VDR across various operating systems is an additional aspect to be considered. A good modern platform should support iOS and Android phones, Windows or macOS desktops and Linux servers. It should also offer options for data storage and hosting locations.

If you’re in the market for a VDR provider, look over its reviews from both external and internal sources. Find a VDR service with a proven track record and a large number of positive reviews on third-party platforms like Trustpilot or Software Advice. Make sure you read reviews from employees on sites such as Glassdoor. They can give you a good impression of the culture and ethics.