The most effective data room software is one that offers cutting-edge data security and control, allowing users to safely transfer sensitive documents to external parties. These business software products are essential in M&A, IPO, and other high-value transactions. The top companies offer secure uploads, auto indexing, built-in e-signature, Q&A functionality, and robust reporting. They also provide multiple projects, dashboards and user management.
For example, iDeals VDR boasts an easy-to-use configuration and numerous deployment options. Its ease of learning and 24/7 customer support make it an the ideal choice for startups. However, the reviews of its users mention that it’s costly and doesn’t come with unlimited storage.
Box, Intralinks and Firmex are also well-known VDR vendors. They are all trusted by global corporations and offer a range of digital solutions to meet the needs of any project. Box is used by more 95,000 companies, which includes 68 percent of Fortune 500 firms. Its user-friendly interface and the extensive integration of documents are extremely beneficial to daily and small transactions. Its limited functionality makes it unsuitable for larger-scale operations.
Intralinks is one of the most frequently used VDR service providers, with more than 4 million users across the globe. Its robust capabilities include advanced search, document tagging, and the ability to view and edit PDF and Word documents on mobile devices. Additionally, it is compatible with third-party applications and can support various languages and currencies. Apart from its impressive features it also provides a variety of advanced options such as two-factor authentication sessions, session timeouts, geographical restrictions and granular access rights.