Virtual Data Room Providers Review

It’s important that you go through reviews on third party websites, such as Trustpilot and Software Advice, as well as researching employee opinions on Glassdoor. This will help you gain a better understanding of the service’s ethics and effectiveness. You should also check if the provider complies with security standards for data and if its functionality can meet the specific needs of your business.

Modern virtual dealrooms come with numerous functions that control data get more and document access. The most important thing is that they provide secure storage and access controls for sensitive files. This means that they can avoid theft, breaches, and cyberattacks. Some providers also offer advanced tools for analytics and reporting to assist in critical business processes like due diligence and fundraising rounds.

Intralinks for instance provides advanced features that are suitable for transactions that are complex, such as M&A or raising funds. They provide multi-project management as well as document tagging, tamperproof annotating and a user-friendly NDA, and permission-based role. They also provide access control that is granular, with dynamic watermarking and two-factor authentication. In addition to these advanced features, Intralinks has a clear pricing structure and excellent customer service.

Another top-tier VDR is Merrill Datasite, which provides an easy-to-use interface and a variety of formats for files. The platform also permits the bulk upload of files via drag-and drop report, cross-project reporting, and activity tracking. Moreover, it supports multiple languages and has a dependable customer support team.