Choosing the Right Data Room Provider
A virtual dataroom is a platform online that lets you store, share and manage business documents. It is a safe repository that allows multiple parties to have access to information at anytime and from any location. It is used most often for M&A as well as legal issues regulatory compliance, corporate development activities.
When selecting a virtual data room service, you must consider the security, features and cost. The most reliable providers are certified for cloud software security and offer industry-specific features such as the ability to conform to the GDPR and other regulations. In addition, they should have an easy pricing structure and be easy to use.
Intralinks is known for its high-end security with a user-friendly interface and intelligent automation. Document management software from the company are used locating private equity investors efficiently by businesses of all sizes in order to organize documents for transactions and accelerate due diligence in M&A. They also are used in collaboration with external parties such as private equity, investment banks and law firms.
iDeals is another popular VDR offering a sophisticated interface and advanced tools to collaborate and manage. Its security features include document tracking, real time activity alerts, and eSignatures that use KBA. iDeals provides a cost-effective service for companies with a medium-sized budget.
Firmex is a renowned virtual data room service with the highest level of security and an experienced team. It offers a no-cost two-week trial and is suitable for businesses of all sizes. Its key features include a user-friendly interface that allows for advanced admin rights as well as an adjustable user permission system.
