1 min read
May 01, 2017
Virtual Data Room

How to Choose Virtual Data Room Software: A Handy Checklist

If your company consistently works with legal documents, virtual data room software provides a safe and secure location for you to store and access legal documents.

Matt Mullarkey-TonerAnalyst

If your company consistently works with legal documents that involve aspects such as fundraising, audits, due diligence, and business valuations, storing those documents is tremendously important. Virtual data room software provides a safe and secure location for you to store and access legal documents.

What separates a virtual data room (VDR) from a file storage service like Dropbox is that VDR software should be compliant. If used properly, a VDR can save your company in costs associated with travel, (physical) storage, and other expenses. We've put together a handy checklist below to get you started with picking out virtual data room software.

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Some examples of virtual data room software

Now that you've got a starting point with the checklist, check out some of these VDR apps:

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What to do next

It's important to get your choice of a VDR right, or there could not just be financial headaches, but also legal ones. With that in mind, here's a comparison of the apps listed above and make sure to check out virtual data room category. If you have any questions, or experience with VDR, let us know in the comments below.

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