When selecting a virtual data room, you must be aware of the features you want your online repository to offer. Moreover, it is important to plan how you’ll utilize the data room so that you can determine whether expensive, advanced features are needed. It is also important to think about the design and feel of the interface, and also the accessibility. Before you make any final decisions go through the system and talk to one of the support staff.
FirmRoom is a popular official statement choice. It is primarily known as a project management software for M&A however, it can be beneficial across various industries. This company provides VDR features like drag-and-drop and user-specific permissions, while also offering security features such as dynamic watermarks and audit trails. They also integrate with applications like Salesforce or Slack for a simple collaboration.
iDeals is a different option, which has a user-friendly interface and provides the standard VDR functionality. Their reviews from clients show that they do not have the most robust features for access control, such as multi-factor authentication or granular permissions. Users have also commented about the slowness of their application and problems with Excel files that contain macros.
Datasite is another option. It is well-known for its M&A diligence capabilities but it can be utilized for other processes such as IPOs and disposals. This provider simplifies the process by allowing custom deal workflows and AI features. They also provide standard document management features including an encrypted fence view and dynamic watermarks.