When selecting a data room, be aware of the functions you’d like your online repository to provide. It is also essential to consider how you’ll use the virtual data room to determine if expensive and advanced features are needed. It is essential to consider the look and feel of the interface, and the user-friendliness. Before you make any final decisions, try the system out and talk to an individual on the support team.
FirmRoom is a very popular choice. It is best known as a solution for managing projects for M&A but it can be useful in a variety of industries. This provider offers VDR features like drag-and-drop and granular permissions for users and security features like dynamic watermarks and audit trails. They also integrate with apps such as Salesforce or Slack to allow for easy collaboration.
iDeals is another option which has a user-friendly interface and comes with the typical VDR functionality. Their reviews from clients show that they don’t offer the most robust features for access control, like multi-factor authentication and granular access rights. Users have also commented on the speed of iDeals’s website and the issues with Excel files that include 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 company streamlines the process by allowing customized deal workflows and AI-based features. They also offer standard features for document management, such as the secure fencing view and dynamic watermarks.