It’s not enough to just buy a few filing cabinets to guarantee the security of your important business documents. Companies collect and process huge amounts of data every minute. These must be kept safe and accessible. Virtual deal rooms are the most efficient way to manage, organize, store and share important documents.

But how do you select the right one? There are a variety of vendors on the market, and each one has its own unique features and functionality. Check them out by reading user reviews on reputable websites like G2 and Capterra. Find out what customers have to say about the VDR’s functionality, the response time to feedback from the vendor and how long they have used it.

Comparing virtual deal rooms is also important when it comes to their security features. Make sure you are aware of advanced security features like two factor authentication access expiration, access restrictions and restrictions based upon the duration of sessions and IP addresses. Find out if the data room provider has compliance certificates such as ISO 27001 and GDPR.

When making comparisons between virtual deal rooms make sure to compare their pricing plans. Some providers offer flat rates while others have the tier pricing which increases based on the number of features you utilize. Choose the option that is most suitable for your budget.