The best data rooms provide cutting-edge security and control of documents, allowing users to have the ability to securely share sensitive documents with other parties. These software applications for business are crucial for M&A, IPO, and other high-value transactions. The best providers offer secure uploads and auto-indexing. They also come with built-in eSignatures, Q&A functionality and robust reporting. They also provide multiple projects, dashboards, and user management.
For example, iDeals VDR boasts an intuitive configuration, as well as a wide array of deployment options. Its low learning curve and round-the-clock customer support make it an ideal choice for startups. However, its user reviews highlight that it’s expensive and doesn’t provide unlimited storage.
Other well-known VDR vendors include Box, Intralinks, and Firmex. All are backed by global corporations and provide a range of digital solutions for all kinds of projects. Box is used by more than 95,000 businesses and includes 68 percent of Fortune 500 companies. Its simple interface and extensive document integrations make it an ideal tool for small and daily transactions. Its limited functionality makes it ineffective to larger operations.
Intralinks is among the most widely-used VDR service providers, with an estimated 4 million users around the world. Its robust features include advanced search, document tags and the capability for mobile devices to view and edit PDF or Word documents. It is also compatible with third-party apps and supports a variety of languages and currencies. It offers many advanced features, such as two-factor authorization, session timeouts and location restrictions.
