When it concerns the security of crucial documents in business, it’s no longer enough to purchase one or two filing cabinets. Companies collect and process huge amounts of data every minute. They must be secured organized, accessible and easily accessible. Virtual deal rooms are the most efficient method to manage and organize, store and share important documents.

But how do you choose the best one? There are a lot of vendors on the market. Each has its own options and features. You can compare them by reading user reviews on reliable sites like G2 and Capterra. Read what users have to say about the VDR’s functionality, the response time to feedback from the vendor and how long they have been using it.

Comparing virtual deal rooms is also crucial when it comes to their security features. Be sure to look for advanced security features like two factor authentication access expiration, access restrictions and restrictions based on session duration and IP addresses. Check if the virtual data rooms provider has conformity certificates, such as ISO 27001 and GDPR.

Also, when you are comparing virtual deal rooms, check their pricing plans. Some offer flat fees, while others have tiered pricing which increases due diligence process depending on the number of features you’ll need. Choose the one that is most suitable for your budget.