Making a Data Room Comparison

The right data room will allow companies to effectively store and share documents. Virtual data rooms aren’t made the same. Some are more feature-rich than others. Check out the security features and pricing of the data room when making comparisons. Some providers provide additional services, such as training or consulting to assist you in the beginning of your VDR.

Traditional data room ideals or venue which virtual data room suits your investment banking deals providers have a history of supporting the M&A process, and some offer industry-specific functionalities as well as storage capabilities and consultancy services to facilitate the successful completion of transactions. These services are generally more expensive than other data rooms.

Virtual Data Rooms that are easy to Use

Some vendors are trying to break into the market by providing intuitive virtual datarooms such as Safelink. This allows users to upload large volumes of documents and provides an index listing and directory listing to make organizing simpler. Other features include a customizable level of permission as well as granular control over document viewing and two-factor authentication. In addition, Safelink has a unique feature called Document Insights, which allows users to write notes directly to documents and then automatically format them for presentation in the form of a report.

Other VDRs with a reputation for being user-friendly include iDeals as well as Datasite. Both are highly rated and regarded as reliable by large corporations like Deloitte, Toyota and others for their white-labeling. However certain users have expressed doubt about their reliability.