If you’re in process of negotiating a deal which requires secure exchange of documents, you’ll require the virtual data room (VDR) solution. A well-designed VDR can streamline your processes and improve productivity by providing an all-in-one, reliable platform to share files and store information. It should support multiple file formats, offer high-speed uploads and downloads and include Q&A functionality and support mobile access. A great VDR should also come with robust security features, including granular permissions and document watermarking.
Box Data Room is trusted and is used by over 95,000 companies. 68% of them are Fortune 500 companies. Its simple installation, smooth workflow and mobile integrations make it suitable for small or routine transactions. Some users complain that the system is hard to use and does not have the latest features.
Ipreo Prism Virtual Data Room is a secure platform that permits users to share information with key stakeholders. Its cloud technology permits speedy implementation, with no downloads or installations required. Its granular reporting allows participants to track actions and gain insights. Furthermore, it is compatible with various languages and provides different file types, including PDFs and PowerPoint presentations.
RR Donnelley Venue Data Room is a comprehensive solution for M&A due diligence on the buy-side and sell-side corporate repository management and procurement management. Its security features include access to data at rest encryption, and specific security controls for viewing and downloading files. It also offers a vast variety of tools for collaboration such as chats, Q&A and chats. However, some users have reported that the interface is not as intuitive as they claim and that the pricing structure is more expensive than other providers.