Virtual data rooms (VDRs) are a cloud-based storage solution that is used for due diligence, mergers, acquisitions, IPOs as well as other complex business transactions. They offer top-quality data security which makes them perfect for businesses looking to share sensitive data with outside partners in a best site safe and controlled environment. The best software for data rooms is user-friendly offers sophisticated security measures and is compatible with a variety of collaboration tools.
iDeals is a VDR provider that keeps its promise of making it easy and speedy to set up and utilize secure data rooms for M&A. It comes with a variety of attributes that differentiate it from the other, including advanced digital right management, a fast, folder-based search that is faster than traditional folder searches and document tags for better organization. It also features a simple and intuitive user interface, and offers mobile access, multi-project management, visual analytics and 24-hour support.
Firmex is another top choice. It’s a virtual dealroom that helps streamline complex, risky procedures such as due diligence for mergers and acquisitions, IPOs, and other corporate or financial transactions. It features top-level encryption and security protocols, as and visual analysis. It also supports various file formats and languages, offers a drag-anddrop bulk upload feature and enables multiple users to log in simultaneously.
Another option that is reliable is SecureDocs that provides complete safety for files and peace of mind for teams that have highly precise controls. They include granular permissions and access control, advanced activity alerts and two-factor authentication. They are also located in AWS data centers, which have a robust infrastructure. It also offers a simple interface, a meaningful dashboard report and optical character recognition.