Popular Data Room Providers
When selecting a virtual data room you must be aware of what functions you would like your online repository to offer. It is also crucial to consider how you will use the virtual data space to determine if expensive and sophisticated features are required. It is also important to be aware of the style and appearance of the interface, and the user-friendliness. If you can, talk with a support person and try the system before making final decision.
FirmRoom is a very popular choice. It is primarily known as a solution for managing projects for M&A however, it can be beneficial across a variety of industries. The company offers VDR features such as drag-anddrop and user-specific permissions, while also offering security features such as dynamic watermarks and audit trails. They also integrate with other apps like Salesforce and Slack to facilitate collaboration.
iDeals is a different option, that has a user-friendly interface and provides the standard VDR functionality. Their reviews from clients show that they do not have the most robust features for access control, such as multi-factor authentication as well as granular permissions. Some users have also complained about the slowness of iDeals as well as issues with Excel files that include macros.
Finally, there’s Datasite which is known for its M&A due diligence capabilities, but can also be used for other processes, such as IPOs or disposals. Datasite streamlines these processes by allowing for custom deal workflows including AI, document presentation and features. They also offer standard features for document management, such as security fencing views and dynamic watermarks.