It is important to consider the features you require in your online repository prior deciding on a virtual dataroom. It is also important to know how you’ll utilize the data room so that you know if costly, sophisticated features are necessary. It is also important to take into consideration the appearance and feel of the interface, as well as its accessibility. Before you make any final choices take a test run and speak to an individual on the support staff.
FirmRoom is a very popular choice. It is most well-known as a project management tool for M&A however it can be beneficial across a variety of industries. This provider offers common VDR features like drag and drop as well as the ability to grant user permissions at a granular level, while providing security benefits like dynamic watermarks, audit trails, mobile device management and locking down files. They also integrate with other applications, such as Salesforce and Slack to allow for easy collaboration.
iDeals is another option which has a user-friendly interface and provides the standard VDR functionality. However, their user reviews suggest that they lack the most robust access control features, like multi-factor authentication. Some users why you need a private equity document management system have also complained about the slowness of iDeals as well as issues with Excel files containing macros.
There is also Datasite which is known for its M&A due diligence capabilities but is also a good choice for other processes, including IPOs or disposals. This service simplifies the process by allowing custom deal workflows and AI features. They also provide standard features for managing documents including security fence views and dynamic watermarks.