The best data rooms offer cutting-edge security and control of files, giving users the ability to safely share sensitive documents with third parties. These business software products are crucial in M&As, IPOs and other high-value deals. The top providers offer secure uploads, auto indexing, built-in Q&A, e-signature, and robust reporting. They also enable multiple projects, a dashboard and manage users.
For instance, iDeals VDR boasts an easy-to-use configuration and numerous deployment options. Its low learning curve, 24-hour support and ease of use make it an ideal choice for those who are just starting out. However, its user reviews note that it’s expensive and doesn’t come with unlimited storage.
Box, Intralinks and Firmex are also well-known VDR vendors. All three are trusted by large corporations around the world, and provide a range of digital solutions for any project. Box is used by more than 95,000 businesses, which includes 68 percent of Fortune 500 firms. Its best data room software user-friendly interface and the extensive document integrations make it a perfect tool for daily and small transactions. Its limited functionality on the other hand is unsuitable for larger operations.
Intralinks is one of the most popular VDR providers, boasting an estimated 4 million users across the globe. Its powerful features include advanced search, document tags, and the capability for mobile devices to edit and view PDF or Word documents. It also works with third-party applications and supports a variety of languages and currencies. It also comes with advanced features such as two-factor authorization session timeouts, session timeouts as well as location restrictions.