26 October 2024
The best virtual data room providers offer a comprehensive set helpful hints of features that support M&A transactions and other business processes. This includes file sharing with timeouts or auto-expiration, putting restrictions on printing, viewing and downloading, as well as thorough audit trails. These platforms also have advanced security features, such as encryption, two-factor authentication, and custom watermarks. These tools ensure that data is only accessible to authorized users.
Take note of the level of support provided by VDRs. Make sure you choose a VDR that offers 24/7 live chat and phone support, which is available in multiple languages. Check if the customer support team is knowledgeable and can respond quickly to questions. Some providers offer trial trials for free or discounted pricing for small-sized companies.
Merrill Datasite, for example is in the VDR business since 1968. It offers project, folder or document-level access rights, AI redaction and a customizable dashboard. However, some customers say they have difficulty using the platform to navigate. Meanwhile, Firmex VDR streamlines mission-critical business transactions for medium and large enterprises. The platform provides visual analytics, as well as a free demonstration.
OneHub is a different virtual deal space that is top in class. It allows sharing and storage of information securely across teams from industries like manufacturing as well as medical research and entertainment. This data management software allows for collaboration in real-time and can be viewed using iOS and Android devices. It is equipped with advanced security features, such as dynamic threat protection, document expiration dates as well as page-by-page analysis of content performance. The platform also gives an opportunity to try a 14-day free trial.