The most reliable data rooms offer the latest security and control of files, allowing users the capability to securely share sensitive documents with other parties. These software solutions for businesses are essential for M&A, IPO, and other high-value transactions. Top providers provide secure uploads and auto-indexing. They also have built-in electronic signatures, Q&A functions and robust reporting. They also provide numerous projects, dashboards and user management.
iDeals VDR, for example, boasts a simple configuration and extensive deployment options. Its low learning curve as well as 24/7 customer support make it an the perfect choice for startups. However, if you read user reviews take note that its pricing structure can be expensive and it doesn’t come with an unlimited storage plan.
Box, Intralinks and Firmex are also well-known VDR vendors. They are all trusted by global enterprises, and offer a range of digital solutions for all kinds of projects. Box is used by more than 95,000 businesses and includes 68% of Fortune 500 companies. Its easy interface and numerous document integrations make it a great tool for small and routine transactions. Its limited functionality makes it unsuitable to large-scale operations.
Intralinks is one of the most frequently used VDR provider, with around 4 million users worldwide. Its extensive features include advanced search, document tags, and the ability for mobile devices to view and edit PDF or Word documents. Moreover, it is compatible with third-party apps and supports different languages and currencies. It has many advanced features such as two-factor authorization session timeouts, session timeouts as well as location restrictions.