When choosing a virtual data room, you should be aware of the functions you would like your online repository to offer. Additionally, it is essential to know how you’ll use the data room so you can decide if expensive, advanced features are needed. It is also essential to look at the design of the interface and the ease of use it provides. If you are able, speak to a member of the support staff and try using the system before taking any final decisions.
One of the most popular options is FirmRoom, a company best known for its M&A project management tools, but could be useful in a number of different industries. This company provides VDR features like drag-and-drop and specific permissions for users and security features like dynamic watermarks and audit trails. They also integrate with other apps, such as Salesforce and Slack, for easy collaboration.
Another option is iDeals, which website link offers typical VDR functionality and an easy-to-use interface. Their client reviews indicate that they don’t offer the most robust features for access control, including multi-factor authentication or granular permissions. Some of their users have commented on the slowness of iDeals as well as issues with Excel files which contain macros.
There is also Datasite, which is most well known for its M&A due diligence capabilities, but can also be used for other processes, like IPOs or disposals. Datasite simplifies these processes by allowing for custom deal workflows including AI, document presentation and features. They also offer standard features for managing documents such as a secure fence view and dynamic watermarks.
