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Virtual Data Rooms (VDRs) are highly secured online platforms that allow seamless sharing of confidential documents as well as other important business information with third parties during a deal making process. They’re a safer choice than sending sensitive data via email, which can expose you to legal liability.

As a rule, the best virtual rooms are ISO 27001-compliant. They include a range of security features, including two-factor authentication and active watermarking. They also have access restrictions dependent on IP address and timed expiry. Some have a dedicated support staff that can be reached anytime. A reputable provider will also provide a variety of deployment options, such as cloud-based or on premise, and be easy to use and easy for users.

There are numerous VDR portals available, but choosing the best one for you depends on the goals you intend to accomplish. Some VDR providers customize their software for specific industry verticals while others provide a general-purpose platform that can be customized with workflow templates. Finding the VDR that is both affordable and meets your requirements is the most important factor. You can begin by reading reviews, but take them with a grain of salt. Contact the service providers to see how they respond and how helpful they are. A lot of providers will offer a trial period for free to help you determine whether they are the right choice for your company.

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