If you’re in process of negotiating a deal which requires secure exchange of documents, you’ll require the virtual data room (VDR) solution. A good VDR can simplify operations and boost efficiency by providing a reliable platform for sharing documents and storing data. It should support multiple file types, offer high-speed downloads and uploads, support mobile access, as well as Q&A functionality. A good VDR also includes robust security features, including documents with watermarks that are granular in their permissions and mobile access.
Box Data Room is trusted by more than 95,000 companies including 68% that are included in the Fortune 500. Its workflow tools that are streamlined, simple deployment, and mobile app integrations are ideal for daily or small transactions. However, some users report that the system lacks sophisticated functionality and is not user-friendly for large-scale projects.
Ipreo Prism Virtual Data Room is a secure platform that permits users to share information with important stakeholders. Cloud technology makes it possible to speed up implementation without the need for downloads or installation. Its granular reporting allows participants to track the progress of their activities and gain insights. It is compatible with multiple languages, and offers a variety of file types, including PDFs and PowerPoint Presentations.
RR Donnelley Venue Data Room is a comprehensive solution for M&A due diligence on the sell-side and buy-side corporate repository management as well as procurement management. Its security features include file-level access, data at rest encryption and specific security controls for downloading and viewing files. It also comes with a variety of tools for collaboration such as chats, Q&A and chats. However, some users have reported that the interface isn’t as intuitive as it appears and that the pricing is more expensive than other providers.