The use of a file cabinet to store all your documents might be sufficient in the past, but if you’re a startup, you need a virtual data space that is simple to use and gives quick access important information. It should also be equipped with a full set of security options to guard sensitive data from prying eyes. In addition, many VDR providers provide additional services such as technical support or consultation at a lower cost when purchased in bulk along with their software.
Here are some of the top data rooms worth considering. iDeals is a reputable online data room that offers a variety of secure collaboration options. For instance, it provides an audit log that is secure for complete records of user’s activities as well as e-signature capabilities and a customizable NDA that can be customized. It also has an intuitive interface for non-technical users. It can be used on desktop and mobile devices.
Customers include Deloitte American Airlines and Toyota. Firmex is another established VDR that specializes in M&A and other business deals and their user-friendly platform can be used in all industries. Security features include watermarking, as well as two-factor authentication.
It’s a great option for mid-sized and large businesses particularly those that need to conduct multiple M&A transactions. Its scalable pricing model allows you to pay for extra features if you require them. It also comes with a variety of integrations, an adjustable interface, and a powerful search engine that can detect partial and exact matches.