The most reliable data rooms offer the latest security and control of files, giving users the ability to share sensitive documents with other parties. These software applications for business are essential in M&A, IPO, and other high-value transactions. Top providers provide secure uploads and auto-indexing. They also offer built-in Q&A, eSignatures, and robust reporting. They also support multiple projects, a dashboard, and user management.
For example, iDeals VDR boasts an intuitive configuration and extensive deployment options. Its low learning curve, 24/7 support and ease of use make it a good choice for those who are just starting out. However, the reviews of its users mention that it’s costly and doesn’t offer unlimited storage.
Other well-known VDR vendors include Box, Intralinks, and Firmex. All are backed by global enterprises, and offer a variety digital solutions for every project. Box is used by more than 95,000 businesses, which includes 68 percent of Fortune 500 firms. Its easy-to-use interface and numerous document integrations make it an ideal tool for small and daily transactions. Its limited functionality makes it ineffective for larger-scale operations.
Intralinks is among the most widely-used VDR providers, with more than 4 million users across the globe. Its extensive features include advanced search, document tags and the ability for mobile devices to edit and view PDF or Word documents. It is also compatible with third-party apps and supports multiple languages and currencies. In addition to its impressive features, it also comes with a range of advanced options, including two-factor authentication sessions, session timeouts, geographical restrictions and data room IPO granular access rights.
