Lists of Top VDR Providers
The right VDR can increase the chance of success for your deals, and also provide more value. A great VDR offers a range of features that facilitate collaboration, document management and protection, and reporting and analytics.
Choose a provider that provides 24/7/365 customer service with dedicated support staff and a variety of channels for contact. The top providers also provide extensive training and onboarding materials to help you use the platform effectively. A quality VDR also allows you to upload and share documents in various formats, as well as the ability to add watermarks and limit viewing to certain time periods.
Choose a vendor that provides a variety of integrations and supports all major operating systems. You should also verify the security standards of a VDR which includes ISO 27001, SSAE 16 and ISAE 3402 certifications. Choose a provider that has multiple server locations and physical storage to ensure availability of data.
A great VDR should let you work with investors, buyers and other parties in an unified workspace. This will alleviate the headache of having to manage email, apps, as well as spreadsheets. It can improve communication by reducing email traffic and offering an efficient alternative to meetings in person. Many VDRs have discussion forums and Q&A workflows built in. Some have a dedicated meeting workflow tool for board members which can be used to record minutes and discussions.
The best VDRs are suitable for all kinds of business that include small and medium companies, large corporations and freelancers. Small-sized businesses can benefit from iDeals.com, BrainLoop.com, Watchdox.com, Ansarada.com (Freelancer), SecureDocs.com and Firmex. Intralinks Merrill Datasite and CapLinked are top choices for mid-sized and large businesses.