Virtual data rooms (VDRs) are cloud-based storage solutions that is used for due diligence, mergers, acquisitions, IPOs and other complicated business transactions. They offer top-of-the-line security for data and provide the best solution for businesses who want to share sensitive data in a secure and controlled environment. The best software for data rooms is easy to use, offers advanced security measures, and supports various collaboration tools.
iDeals is a VDR provider that delivers on its promise to make it easy and fast to set up and operate an encrypted data room for M&A. It has a number of features that make it stand out from other VDR providers, such as advanced digital right management, a powerful, folder-based search that is more efficient than traditional folder searches, and document tags to aid in organization. It is a simple and intuitive interface that offers access on mobile devices and visual analytics, multi-project management, and 24-hour support.
Another option is Firmex an online deal room that helps streamline complex and risky procedures like due diligence for M&A, IPOs and other financial and corporate transactions. It is equipped with top-of-the line data encryption and security protocols and visual analytics. It supports different formats of files and languages. It also has a drag and drop bulk upload option, and allows multiple users to sign in simultaneously.
SecureDocs is a different alternative that provides complete security for files, and peace of mind to teams with its military-grade controls. These include granular access control and permissions and advanced activity alerts two-factor authentication and a robust infrastructure that is housed in secure AWS data centers. It also features a simplified user interface, meaningful dashboard reports, and optical character recognition (OCR).