A virtual dataroom is a safe storage space for documents that aids in M&A transactions, due-diligence, and other processes that are sensitive. These data rooms online are a essential for companies involved in high-risk business projects which require effective collaboration and management of documents. There are a myriad of factors to take into consideration when choosing the right VDR such as security and usability, analytics, and customer support pricing. To assist companies in making an informed decision this article reviews the best providers in all of these areas.
1. iDeals
iDeals is a highly rated VDR solution that features a simple interface and advanced security features, such as security presentations, 2-factor authentication, and custom NDAs. It also offers powerful reporting capabilities and an informative insight dashboard. It’s ideal for large and small transactions which makes it a great option for businesses of all sizes.
2. Box
Box, virtual data room that has a simple and user-friendly design that is reasonably priced and packed with features, is incredibly popular among users. Its major advantages include easy and quick set-up, scalability for any size company, and multi-platform compatibility. The platform also offers numerous security features such as watermarking, security checking to ensure the confidentiality of documents.
3. Ansarada
Firmex, a company that specializes complex processes, has revolutionized the market with its ability to simplify mission critical projects for small and large businesses. This VDR facilitates the execution of due diligence, M&A, and financial transactions. Firmex’s robust Q&A tools based on roles can help streamline these processes.