When selecting a virtual data review, look for providers that offer modern intuitive interfaces. Onboarding should be made easier with tutorials, guides, and customer service. Ensure that the platform integrates seamlessly with other software and tools. It is also important to understand whether the pricing structure is subscription-based on pay-per-use, one-time or subscription-based.
In addition, opt for providers that offer multiple modes of support like live chat, email and phone. It is also recommended to select providers that offer data backup and recovery options in the event of unforeseen issues or disasters. In the event that you decide to change providers or end the service, have an organized plan to determine how the data will be moved out of the VDR.
For M&A professionals, Datasite offers an easy-to-use platform that is user-friendly and has a simple user-permission system. It also handles large files and allows batch uploading, optical character identification and a searchable database. It is an excellent choice for law firms. However, it comes at an expensive price tag compared to other competitors. Securedocs is a different VDR which offers a smooth user experience and quick setting up time, and also offers numerous security features such as watermarking and audit logs.
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