You’ll need a virtual dataroom (VDR) for conducting a deal which requires the secure exchange of documents. A reliable VDR will simplify your operations and improve efficiency by offering an effective platform for sharing documents and for storing data. It should be able to support various file formats, offer fast uploads and downloads with Q&A capabilities and mobile access. A great VDR also has robust security features, such as the ability to grant granular permissions, document watermarking and mobile access.
Box Data Room is trusted by more than 95,000 companies including 68% that are listed in the Fortune 500. Its workflow tools with a streamlined interface as well as its easy deployment and mobile app integrations are ideal for small or regular transactions. Some users claim that the system is hard to utilize and lacks advanced features.
Ipreo Prism Virtual Data Room provides a secure platform for sharing data with investors and key stakeholders. Cloud technology allows for fast implementation without the need for downloads or installation. Its granular reporting allows participants to track activities and gain insights. It supports multiple languages, and provides a variety of file types like PDFs and PowerPoint Presentations.
RR Donnelley Venue boardpaq Data Room is a comprehensive solution for M&A due diligence on the sell-side as well as the buy-side corporate repository management and procurement management. Its security features include access to data at rest encryption, and granular security controls for viewing and downloading files. It also offers a variety of collaboration tools, including chats, Q&As and more. However, some users complain that the interface is not as intuitive as it appears and that the pricing model is more expensive than other providers.