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Look for companies that offer modern and intuitive interfaces when selecting an online analysis of data. Make sure that there are tutorials, guides and customer assistance to help you onboarding. Ensure that the platform integrates seamlessly with your other software and tools. It is also important to understand whether the pricing structure is subscription based or pay-per-use, or one-time.
In addition, you should choose providers that offer multiple modes of support such as live chat, email and phone. It is also a good idea to select providers that have processes to backup your data and recovery in the event of unexpected issues or natural disasters. If you decide to switch providers or end the service, ensure you have an organized plan for how the data will be removed of the VDR.
Datasite is a programmable platform with a simple system of permissions for M&A professionals. It is also able to handle large file sizes and allows the batch uploading of files optical character recognition as well as an index that can be searched. It is a good choice for law firms. However, it comes at a higher price point than other competitors. Securedocs is another VDR has a user-friendly interface and a short set-up time. It also comes with several security features such as watermarking and audit logs.
