Virtual Data Room Providers Review

It is crucial to go through reviews on third party websites, such as Trustpilot and Software Advice, as well as analyzing employee reviews on Glassdoor. This will give you a better knowledge of the provider’s ethics and efficiency. You should also verify if the provider complies with the security standards for data, and if its functionality can meet the specific needs of your business.

Modern virtual deal rooms come with a wide range of functions for managing document and data access. The most important thing is that they offer secure storage and access controls for sensitive data. This means that they can avoid attacks, breaches and theft. Some providers also provide advanced tools for analytics and reporting that assist in critical business processes like due diligence and fundraising rounds.

For instance, Intralinks offers advanced features that are suited to complex transactions like M&A and raising funds. They provide multi-project management and document tagging, tamperproof annotation, a customizable NDA, and permission-based roles. They also provide an extensive access control system that includes dynamic watermarking and two-factor authentication. Intralinks offers an easy pricing structure and outstanding customer service as well as its advanced features.

Another top-tier VDR is Merrill Datasite, which provides an easy-to-use interface and various file formats. The platform also allows for bulk uploads that can be uploaded by drag-and-drop report, cross-project reporting, and activity tracking. Moreover, it supports multiple languages and has an excellent customer support team.