You’ll need a virtual dataroom (VDR) when you are conducting a deal which requires secure exchange of documents. A quality VDR can streamline your processes and improve efficiency by providing one reliable platform for sharing files and storing data. It should be able to support multiple file formats, offer speedy uploads and downloads and include Q&A functionality and support mobile access. A great VDR also has robust security features such as document watermarking, granular permissions and mobile access.
Box Data Room is trusted by more than 95,000 businesses including 68% that are included in the Fortune 500. Its workflow tools that are streamlined easy deployment and mobile app integrations are perfect for small or regular transactions. Some users complain that the system is difficult to utilize and lacks advanced features.
Ipreo Prism Virtual Data Room provides a secure way of sharing information with key stakeholders and investors. Cloud technology allows for speedy implementation without downloading or installations required. The reports are detailed and allow users to track their progress and gain insight. Additionally, it supports multiple languages and comes with various file types, including PDFs and PowerPoint presentations.
RR Donnelley Venue Data Room offers a wide range of solutions for M&A buy and sell-side due diligence corporate repository, procurement management. Its security includes access to data at rest encryption, and the ability to control security for viewing and downloading files. It also comes with a variety of collaboration tools like chats, Q&A and other. Some users have complained that the interface was not as intuitive as they had hoped, and it was more expensive than other providers.