If you’re in process of negotiating a transaction that requires secure exchange of documents, you’ll need the virtual data room (VDR) solution. A quality VDR can streamline your processes and boost productivity by offering one reliable platform to share files and store data. It should be able to support multiple file formats, offer speedy uploads and downloads, include Q&A functionality and support mobile access. A top VDR also comes with robust security features such as the ability to grant granular permissions, document watermarking and mobile access.
Box Data Room is trusted and is used by over 95,000 companies. 68% of them are Fortune 500 companies. Its workflow tools that are streamlined easy deployment and mobile app integrations are ideal for small or regular transactions. Some users have complained that the system is difficult to use and has no advanced features.
Ipreo Prism Virtual Data Room provides a secure way of sharing http://www.boardlockerroom.com/boardpaq-board-portal-advantages data with key stakeholders and investors. Cloud technology permits quick implementation without the need for downloads or installation. Its granular reporting allows participants to track the progress of their activities and gain insights. It also supports multiple languages and comes with a variety of formats, including PDFs and PowerPoint presentations.
RR Donnelley Venue Data Room is a complete solution for M&A due diligence on both sides of the transaction, corporate repository management and procurement management. Its security features include access to data at rest encryption, and advanced security controls for downloading and viewing files. It also offers a vast range of collaboration tools, including chats and Q&A. However, some users say that the interface is not so intuitive as they would like and that the pricing structure is more expensive than other providers.