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A virtual dataroom that is cheap is one that meets your requirements but not go over budget. The term “cheap”, however is often misinterpreted when in relation to VDRs because a lot of providers have different pricing plans that are based on variables such as storage size, number users, features, etc. You should search for an option that charges a flat fee per month, so that you don’t have to pay more for your storage space than you have to.
The user-friendliness is an important factor when choosing the right virtual dataroom. You don’t want to waste money on a software that your team can’t use or requires additional training. Choose a vendor that has simple, straightforward configuration that will be equally beneficial to the CFO and beginning accountant. You should be able easily to customize the logo of your data room as well as terms and conditions, and general design.
In addition, a great VDR will have robust reporting and analytics capabilities that will help you make quicker decisions based on your data room’s use. You should look for interactive reports that are customizable with color-coded graphs of activity in documents and a variety of export options. These software enhancements will help you save time and energy over the long term.
The top VDRs can provide you with the ability to upload files in large volumes and set permissions for users. They also allow you to monitor the activity of your data room and access real-time analytics. Be sure to look for support for languages as not all teams have the same capabilities. Some of the most popular VDR providers include iDeals, BrainLoop, Watchdox, Ansarada (Freelancers), Digify and Merrill Datasite.
