Popular Data Room Providers
When choosing a virtual room, you must be aware of the functions you want your online repository to offer. It is also important to know how you’ll make use of the data room so that you can determine whether expensive, advanced features are required. It is essential to take into consideration the appearance and feel of the interface as well as its accessibility. If you can, talk to a member of the support staff and try the system before making any final decisions.
One of the most popular options is FirmRoom, which is best known for its M&A project management software, but could be useful in a variety of industries. This company provides standard VDR functions such as drag and drop as well as granular user permissions while also offering security benefits such as dynamic watermarks as well as audit trails, mobile device management and lock-down files. They also integrate with other apps such as Salesforce and Slack to allow for easy collaboration.
iDeals is another option which has a user-friendly interface and has the standard VDR functionality. Client reviews show that they do not have the most robust features for access control, including multi-factor authentication as well as granular permissions. Users have also expressed their frustration on the slowness of iDeals as well as issues with Excel files which contain macros.
Datasite is another option. It is well-known for its M&A diligence capabilities however, it can also be used for other processes, such as IPOs and disposals. Datasite simplifies these processes by allowing for custom deal workflows as well as AI and document presentation features. They also offer standard features for website link document management including an encrypted fencing view and dynamic watermarks.