If you’re in process 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 increase efficiency by providing an efficient platform for sharing documents and storing data. It should support different file formats, allow speedy uploads and see page downloads with Q&A functionality and support mobile access. A good VDR will also have robust security features, like watermarking and permissions for documents that are granular.
Box Data Room is trusted by more than 95,000 companies and 68% of them are listed in the Fortune 500. Its easy deployment, simplified workflow, and mobile integrations make it ideal for daily or small-scale transactions. However, some users say that the system is lacking in advanced functionality and is a challenge to use for large projects.
Ipreo Prism Virtual Data Room provides a secure platform for sharing information with investors and key stakeholders. Cloud technology allows for speedy deployment with no downloads or installations required. The reports are granular and allow users to monitor their progress and gain insights. It supports multiple languages, and supports a variety of file types like PDFs and PowerPoint Presentations.
RR Donnelley Venue Data Room is a complete solution for M&A due diligence on the sell-side as well as the buy-side corporate repository management and procurement management. Its security features include file level security that encrypts data at rest and the ability to control security in viewing and downloading files. It also comes with a variety of collaboration tools such as chats, Q&As and more. Some users have complained that the interface was not as intuitive as advertised, and that it was more expensive than the other providers.
