When it involves sharing and storing sensitive files, businesses require the use of a virtual data room (VDR) that guards confidential data from leaking. Online VDR providers offer the solution that can be utilized by all types of companies, from small start ups to virtual data rooms large corporations.

The most secure virtual datarooms are simple to use and secure. They also offer additional services, such as consulting or training. Many vendors bundle these services at a discounted price when they’re purchased with their VDR.

It is important to first understand your company’s requirements before you can select the best online VDR. Think about the size of the project or transaction, and the number of documents that you’ll be storing. Large corporations may need various document management tools, while smaller companies might only require the basics.

Some VDR providers offer special services that are useful in specific transactions, for instance, AiQ bidder engagement, or due diligence Q&A sections. Others offer a wider scope and are suitable for all types of projects. For example, iDeals offers a robust range of business tools in addition to security features like audit trail reporting, two-step authentication and fence view feature.

Check out the security certificates that a business has received. You should look for ISO 27001 certifications, SSAE 16 and SOC 2 certificates. In addition, you should look into whether the vendor offers an unpaid trial or demo versions. A reliable virtual data room should offer a free trial so that you can try the software before making any commitments.