Companies that require the exchange of confidential documents in a secure manner must choose the right VDR provider. The best VDR providers offer a range of functionalities, including file sharing, OCR, viewer history and many more that allow companies to work efficiently. They also offer 24/7 customer service that can resolve any issues or inquiries quickly and minimize the risk of delays.

VDR providers are designed for different business scenarios, and picking the appropriate one depends on the industry in which you operate. For example, if you’re looking next for a solution for M&A transactions, you’ll require a platform that supports collaboration and allows secure file sharing. You should also look at how it’s simple to integrate the software into your workflow and what features are available to manage your data.

PandaDoc, an easy-to use virtual data room, enables you to share your files with your team via email, chat or the use of a hyperlink. The user-friendly interface offers features such as electronic signatures, file organization and two-factor authentication. It provides a trial for free as well as a variety of pricing plans.

iDeals is an VDR that focuses on M&A deals. It comes with a robust feature-set, including document management, a custom space, and real time activity tracking. It is also an affordable solution as it offers unlimited users and storage. Its security standards include SSAE16 Type II and ISO 27001 certification in addition to a private workspace that is based on permissions.