It isn’t always easy to select the right virtual dataroom provider in light of the many choices available. Before making a choice it is important to carefully weigh all options and consider security, user experience and innovation, as well as the cost and customer service. Businesses can minimize their tech debt by choosing a VDR that is in line with their business goals and priorities.

Some providers are more secure and reliable than others, even though the top virtual data room providers have robust features. Vendors with top security certifications and conformity to international standards are the best. Intralinks Merrill Datasite and Ansarada make great choices for businesses that are focused on security and user-experience. Firmex is the best option for companies that want simplicity and efficiency.

Another factor to consider is how simple the platform is to use. Look for an VDR that has an intuitive and smooth interface that’s equally accessible to accountants in the entry-level category and CFOs. It’s essential to determine how customizable the virtual data space is. Look for an VDR that lets you modify the logo, terms and conditions and the overall macroeconomic perspective look of the data room.

Last but not least, pick a virtual room that has an pricing structure that is affordable. The best virtual data rooms provide pricing options based on storage size pages of data and number of users. This lets businesses pick the plan that best suits their needs, without paying for additional users or space.