The best data room software offers the latest in data security and control that allows users to securely share sensitive documents with external parties. These business software products are essential to M&As, IPOs, as well as other high-value transactions. Top providers provide secure uploads and auto-indexing. They also include Q&A, eSignatures, and robust reporting. They also offer various dashboards, projects, and user management.
For instance, iDeals VDR boasts an easy configuration and a variety of deployment options. Its low learning curve and 24/7 customer support make it an an ideal choice for startups. However, reviews from users highlight that it’s expensive and doesn’t provide unlimited storage.
Other well-known VDR vendors include Box, Intralinks, and Firmex. All of them are trusted by multinational corporations, and provide a range of digital solutions to meet the needs of any project. Box is used by more than 95,000 businesses and includes 68% of Fortune 500 companies. Its simple interface and extensive document integrations are extremely useful for small and routine transactions. Its limited functionality on the other hand is not suitable for larger scale operations.
Intralinks is one of the most frequently used VDR providers, boasting more than 4 million users in the world. Its extensive capabilities include advanced search, document tagging, and the capability to edit and view PDF and Word files on mobile devices. It also works with third-party apps and supports multiple currencies and languages. In addition to its amazing features, it also comes with a range of advanced options, including two-factor authentication and session timeouts, as well as location restrictions and granular permissions.