If you’re in the middle of conducting a deal that requires secure exchange of documents, you’ll require the virtual data room (VDR) solution. A good VDR can simplify operations and improve efficiency by offering an efficient platform for sharing documents and for storing data. It should be able to support multiple file formats, offer speedy uploads and downloads, include Q&A functionality and support mobile access. A great VDR also has strong security features such as granular permissions, document watermarking and mobile access.
Box Data Room is trusted by more than 95,000 companies with 68% of which are listed in the Fortune 500. Its workflow tools are well-organized, simple deployment, and mobile app integrations are perfect for small or regular transactions. However, some users say that the system lacks advanced capabilities and is difficult to use for large projects.
Ipreo Prism Virtual Data Room provides a secure and safe platform for sharing data with key stakeholders and investors. Cloud technology makes it possible to speed up implementation without the need for downloads or installation. Its precise reporting system allows users to monitor their actions and gain insights. It supports multiple languages and offers a variety of file types, including PDFs as well as PowerPoint Presentations.
RR Donnelley Venue Data Room is a comprehensive solution for M&A due diligence on the buy-side and sell-side, corporate repository management and procurement management. Its security features include file-level access, data at rest encryption and the ability to control security for downloading and viewing files. It also offers a vast variety of tools for collaboration such as chats, Q&A and chats. Some users have complained that the interface was not as user-friendly as advertised, and that it was more expensive than the other providers.
