When choosing a data room provider, you should be sure to look through reviews on third-party sites like Trustpilot and Software Advice as well as examine the opinions of employees’ on Glassdoor. This will give you a greater knowledge of the provider’s ethics and effectiveness. You should also check if the provider complies with data security standards, and if its capabilities meet the specific requirements of your industry.
Modern virtual dealrooms are armed with numerous functions that control data and document access. The most important feature is that they offer secure storage and access controls for sensitive files. This will help you avoid cyberattacks or breaches and also theft. Some companies offer advanced analysis and reporting tools to aid in critical business tasks like due diligence or fundraising rounds.
For instance, Intralinks offers advanced features that are designed for complex transactions such as M&A and raising funds. They offer multi-projects management document tagging, tamperproof annotation and a custom NDA, and permission-based role. They also offer granular control of access with dynamic watermarking, and two-factor authentication. In addition to these advanced features, Intralinks has a clear pricing structure and top-quality customer support.
Another top-tier VDR is Merrill Datasite, which provides an easy-to-use interface as well as various formats for files. The platform also supports bulk uploads via drag-and-drop reports, cross-project reporting, as well as activity tracking. Moreover, it supports multiple languages and has a great customer support team.