Look for providers who offer modern user interfaces that are easy to navigate when choosing an online analysis tool. You should look for tutorials, guides, and customer assistance for onboarding. Make sure that the platform integrates seamlessly with other software and tools. It is crucial to know whether the pricing is based on subscriptions, pay-per-use or one-time.

In addition, opt for companies that provide a variety of support like live chat, email and phone. It is important to choose a service that has processes that allow for backup of data and recovery in the event of any unforeseen issues or natural disasters. If you decide to terminate or switch providers, be sure you have a plan in place for how your data will be transferred out of the VDR.

Datasite is a flexible platform with a simple permission system for M&A professionals. It can also handle large files and allows batch uploading optical character identification as well as a searchable database. It’s also a great option for law firms. However, it comes at a higher price point than other competitors. Securedocs is a second VDR that offers a simple experience for users and a quick setup time, as well as a number of security features, including watermarking and audit logs.

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