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It can be a challenge to select the best virtual dataroom service particularly with the number of options available. Before you make a decision it is essential to take your time weighing all options considering security, user experience and innovation, in addition to the cost and customer service. Businesses can reduce their tech debt issues by selecting the right VDR solution that is in line with their business goals and priorities.

While all of the best virtual data rooms have solid features, some vendors are more notable than others when it comes to security and compliance. Vendors with top security certifications and conformity to international standards are the most reliable. Intralinks, Merrill Datasite, and Ansarada are great choices for businesses that are focused on user experience and security. Firmex is a great choice for businesses that want simplicity and efficiency.

Another factor to consider is the user-friendliness. Look for an VDR that has a user-friendly interface that is accessible to CFOs and accounting staff at entry level. You should also check how customizable the virtual room is. Find a VDR that allows you to customize the logo, terms and conditions, and the overall look of the data room.

Then, pick a virtual data room that has an affordable pricing plan. The most reliable virtual data rooms offer pricing options based on storage size pages of data and the number of users. This makes it easy for businesses to select the best plan that meets their needs without paying for additional space or users.