The best data room software offers the latest in file security and control that allows users to securely transfer sensitive documents to external parties. These software applications for business are crucial in M&A, IPO, and other high-value transactions. The top providers offer secure uploads and auto-indexing. They also include eSignatures, Q&A functionality and robust reporting. They also enable multiple projects, a dashboard, and user management.
iDeals VDR, for example, boasts a simple configuration and extensive deployment options. Its low learning curve, round-the-clock support and ease of use make it an ideal choice for startups. However, its user reviews mention that it's costly and doesn't have unlimited storage.
Other well-known VDR vendors include Box, Intralinks, and Firmex. All are backed by global enterprises, and provide a range of digital solutions to meet the needs of any project. Box is used by more than 95,000 businesses and includes 68% of Fortune 500 companies. Its user-friendly interface and the extensive integration of documents are very beneficial to small and daily transactions. Its limited functionality makes it ineffective to large-scale operations.
Intralinks with its 4 million users in total around the world, is among the biggest VDR providers. Its features are robust, including advanced search, document tags, and the ability for mobile devices to edit and view PDF or Word files. It also works with third-party applications and supports a variety of currencies and languages. In addition to its amazing features, it also provides a variety of advanced options like two-factor authentication, session timeouts, location restrictions, and granular permissions.