Virtual data rooms are secure platform for storage, organizing and distribution of confidential information. They also offer other functionalities that can be tailored to each deal or project. There are a myriad of VDR providers to choose from, making it difficult to find the right one for your needs. Online reviews are the best way to decide which one is best for your company. Sites like TrustRadius or G2 Crowd that review software provide real user ratings and feedback. Those ratings should be taken with a pinch of salt, however, since some companies pay to have their reviews published on these websites.
A good VDR will have an easy-to navigate interface that is compatible with a variety of operating systems, including iOS, Android and Windows. Additionally, a good provider will offer a variety of storage options and suggested hosting locations. This will prevent data loss in the event of a disaster.
Pharma and biotech companies often work with large amounts of sensitive data. This includes research results as well as patient information. A good VDR will be able to keep this data secure and allow users access to them 24/7.
When selecting a VDR look at the cost of each plan. Some providers charge a monthly fixed fee, while others charge per storage or per page. You should also look at the features available and make sure you’re getting a high-quality solution for the money.