The VDR is an essential tool for a wide variety of business processes that require secure document sharing. Whether it’s financial and HR information, intellectual property or client legal documents, businesses rely on the VDR to ensure that sensitive data is only accessible to authorized users and is never accessible to third parties without authorization. VDR features such as encryption standards, dynamic watermarks and remote shredding can be critical in ensuring compliance with privacy laws.
The ability to upload a large number of files, keep track and audit file activity, and create specific access permissions for users are also vital capabilities to take into consideration when choosing a VDR. A VDR has a higher level of security compared to other file sharing tools such as Dropbox or email. This is essential for complex business transactions and mission critical processes.
Choose an VDR provider that has transparent pricing and easy-to-understand payment terms. This will ensure that you don’t end up paying too much for a service that doesn’t fit your needs or underpaying for a platform that comes with over-expensive or time-consuming proprietary features.
Choose an VDR that provides excellent customer service and a good training. This will help you get the most out of your investment and be able to quickly address any questions or issues that might arise. It is important to select a VDR with experience managing similar processes and knows your business. A VDR that is able to support HIPAA is especially beneficial for healthcare companies.