If you’re in process of negotiating a deal which requires secure exchange of documents, you’ll need the virtual data room (VDR) solution. A reliable VDR can simplify operations and increase efficiency by providing a reliable platform for sharing documents and data. It should support different file formats, allow speedy uploads and downloads with Q&A capabilities and mobile access. A good VDR also comes with robust security features like documents with watermarks that are granular in their permissions 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 ideal for transactions that are small or routine. However, some users say that the system is lacking in advanced capabilities and is a challenge to use for large projects.
Ipreo Prism Virtual Data Room is a secure platform that permits you to share data with important stakeholders. Cloud technology makes it possible to speed up implementation without the requirement for downloading or installation. The granular reports enable users to track their progress and gain insight. It supports a variety of languages, and supports a variety of file types like PDFs and 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, as well as procurement management. Its security features include file-level access, data at rest encryption, and specific security controls for viewing and downloading files. It also offers a vast variety of tools for collaboration such as chats and Q&A. Some users have complained that the interface was not as intuitive as advertised, and that it was more expensive than other providers.