https://boardroomservice.com/guidelines-to-compare-virtual-data-rooms/

A virtual dataroom (VDR) can be a powerful tool that can simplify mission-critical processes and transactions, address bottlenecks and help them achieve the desired end. However not all VDRs are created equal, and choosing the wrong one could put your valuable documents at risk of being accessed by unauthorized access, theft, or loss.

Take note of how a vendor compares to other vendors based on these crucial factors.

Pricing

Pricing is among the most significant and frequently overlooked distinctions between VDR providers. Many older providers charge per document which is fine for small-scale projects or clearly defined document structures. However this is not a good option for larger deals, or M&A due-diligence. Newer providers tend to offer flat-rate pricing, which is a more attractive alternative for large or long-term projects. Flat-rate monthly costs include unlimited pages, users and storage.

Permission Settings

The fineness of the permission settings in the permissions settings of a VDR can greatly impact your ability to keep pace with confidentiality commitments and avoid misunderstandings. Look for options such as “view only” or the ability to enable a watermark to stop downloading files that are intended to be used for consultation. Look through detailed activity logs to assist you in identifying workflow obstacles and assess the level of engagement in your team.