The best data rooms offer modern security and control over files, giving users the capability to securely share sensitive documents with third parties. These business software products are essential to M&As and IPOs as well as other high-value transactions. The top companies offer secure uploads, auto-indexing, Q&A, e-signature, and robust reporting. They also support multiple projects, a dashboard and management of users.
For example, iDeals VDR boasts an easy-to-use configuration and numerous deployment options. Its ease of learning and round-the-clock customer support make it the ideal choice for new businesses. However, user reviews note that it’s expensive and doesn’t offer unlimited storage.
Box, Intralinks and Firmex are also well-known VDR vendors. They are all backed by a large number of multinational corporations and offer a range of digital solutions that will fit any project. Box is used by more 95,000 businesses, including 68 percent of Fortune 500 firms. Its easy-to-use interface and numerous document integrations make it a fantastic tool for small and routine transactions. Its limited functionality makes it unsuitable to large-scale operations.
Intralinks, which has 4 million users in total around the world, is among the largest VDR providers. Its features are robust, including advanced search, document tags and the capability for mobile devices to edit and view PDF or Word documents. It is also compatible with third-party applications and supports multiple languages and currencies. It also comes with advanced features, such as two-factor authorization session timeouts, session timeouts as well as location restrictions.