The Best Data Room Software

//The Best Data Room Software

The best data rooms offer advanced security and control of documents, allowing users to have the ability to share sensitive documents with third parties. These business software products are essential to M&As, IPOs, as well as other high-value deals. The top providers offer secure uploads and auto-indexing. They also offer built-in electronic signatures, Q&A functions and robust reporting. They also provide various dashboards, projects, and user management.

For example, iDeals VDR boasts an easy-to-use configuration and numerous deployment options. Its low learning curve, 24/7 support and ease of use make it a good choice for new businesses. However, its user reviews highlight that it’s expensive and doesn’t come with unlimited storage.

Box, Intralinks and Firmex are also well-known VDR vendors. They are all trusted by countless global enterprises and provide a range of digital solutions that will fit any project. Box is used by more than 95,000 companies and includes 68 percent of Fortune 500 companies. Its easy-to-use interface and numerous document integrations make it a perfect tool for small and daily transactions. Its limited capabilities on the other hand makes it unsuitable for larger scale operations.

Intralinks with its 4 million users in total around the world, is among the biggest VDR providers. Its extensive features include advanced search, document tags, and the capability for mobile devices to view and edit PDF or Word files. Furthermore, it works with third-party software and supports multiple languages and currencies. Besides its impressive features, it also offers a number of advanced options such as two-factor authentication sessions, session timeouts, geographical restrictions and granular access rights.