Virtual Data Rooms (VDRs) are highly secure online platforms that allow seamless sharing of confidential documents as well as other important business information with third parties during the process of making deals. They’re a safer choice than sending sensitive documents via email, which can expose you to legal risk.

In general, the most secure virtual rooms are ISO 27001-compliant. They feature a variety of security options, including two-factor authentication and active watermarking. They also have access restrictions dependent on IP address and expiry date. Some also have a dedicated support team that is available all hours of the day. A reputable provider must also offer a variety in deployment options, including cloud-based and on premise. They must also be simple to use.

There are a variety of VDR portals to choose from however choosing the most suitable one for your needs is dependent on what you’re trying to achieve. Certain VDR providers customize their services to specific industry verticals, while others provide general-purpose platforms that can be customised by workflow templates. The most important aspect when selecting the right VDR is finding the one that is cost efficient and meets your needs. You can begin by reading reviews, but take them with a grain of salt. Contact the VDR providers to find out how they respond and how helpful they are. A lot of providers will offer an initial trial for free to assist you in deciding whether they are the right choice for your business.