When selecting a virtual room make sure you choose one that has an easy-to-use interface for users that can support the most well-known formats for files and comes with the ability to view files on any platform. The top VDRs also offer customer support to assist in resolving any issues that arise during the due diligence process. When selecting a VDR, it is helpful to select one that can support the particular industry you work in so you can benefit from industry-specific functions and improve collaboration and speed up processes.
Created for global banking and M&A, Intralinks offers sophisticated data management and streamlined processes that ensure top-of-the line security for confidential documents stored through its online portals. Its automated setup with pre-configured workflows and control help users get up and running quickly. Controls and permissions that Essential Features of Virtual Board Rooms for Efficient and Secure Meetings are extensive also ensure that only those with access rights to information are able to do so. With mobile access and 24/7 customer support, it is an excellent choice for those who travel M&A teams.
A top-of-the-line solution for M&A, Datasite Diligence combines secure and robust security with a simple collaboration to simplify complex deals and enhance M&A workflows. Its AI tools streamline the due diligence process, automating tasks including categorizing data and redacting it, and providing insights into bidders’ behaviour and motives. Users can also count on fast responses to questions and central task tracking to keep them on track throughout the deal.
Digify, founded in 2011 is said to be the most simple data room that is available. It allows for instant setup and basic features such as drag-and-drop bulk-uploads, security features, and customizable NDAs. The platform supports external integrations as well as 2-factor authentication and notifications.
