If you’re in process of conducting a deal that requires secure exchange of documents, you need a virtual data room (VDR) solution. A reliable VDR can streamline operations and boost efficiency by providing an effective platform for sharing documents and storing information. It should support multiple file types, provide high-speed uploads and downloads. It should also support mobile access, as well as Q&A capabilities. A top VDR also comes with robust security features like documents with watermarks that are granular in their permissions and mobile access.
Box Data Room is trusted by more than 95,000 businesses, 68% of which are included in the Fortune 500. Its simple deployment, streamlined workflow and mobile-friendly integrations make it ideal for transactions that are small or just daily. Some users have complained that the system is hard to utilize and lacks advanced features.
Ipreo Prism Virtual Data Room offers a secure platform for sharing information with key stakeholders and investors. Cloud technology allows for fast implementation without the need for downloads or installation. The granular reporting feature allows users to track activities and gain insights. It supports a variety of languages, and supports a variety of file types, including PDFs as well as PowerPoint Presentations.
RR Donnelley Venue Data Room provides a complete suite of solutions for M&A buy-side and sell-side diligence corporate repository, procurement management. Its security includes access to files at rest encryption and advanced security controls for viewing and downloading files. It also comes with a selection of tools for collaboration, such as chats, Q&A and chats. Some users have complained that the interface was not as easy as they had hoped, and it was more expensive than other services.