Virtual Data Room Providers Review

When selecting a virtual data room provider, it’s crucial to review reviews on third-party websites such as Trustpilot and Software Advice as well as look into the opinions of employees on Glassdoor. This will provide you with a better understanding of the provider’s ethics and effectiveness. Additionally, you should check the provider’s compliance with security standards for data protection and the features that meet the specific needs of your industry.

Modern virtual deal rooms are equipped with a range of functions that manage access to data and documents. The most important aspect is that they offer secure storage and access control for sensitive data. This will help you avoid cyberattacks, breaches, and theft. Some providers offer advanced analysis and reporting tools to support critical business activities like due diligence or fundraising rounds.

For instance, Intralinks offers advanced features that are suitable for complex transactions, such as M&A and raising funds. They offer multi-projects management, document tagging, tamperproof annotation as well as a re-usable NDA, and permission-based roles. They also provide the ability to control access with granularity, including dynamic watermarking and two-factor authentication. Intralinks offers a clear pricing model and outstanding customer service as well as its advanced features.

Another top-of-the-line VDR is Merrill Datasite, which provides an easy-to use interface and different file formats. The platform allows for drag-and-drop mass uploads, cross-project reports, and activity tracking. It also supports multiple languages and has an excellent customer support team.