The best VDR provider can increase due diligence and M&A rate of success, create higher transaction values and provide secure file sharing for any project that requires collaboration. The right vendor will depend on the size and length of the project as well as the amount of cybersecurity is needed.
The most reliable VDRs will feature an intuitive interface, with many features to guard sensitive data. You can control access according to location and role. You can also configure different levels of security. They will have support centers and help centers to offer the best user experience. They will also be able to offer many supported document formats, including Microsoft Word and PowerPoint, and a drag-and-drop feature.
iDeals VDR is a simple virtual data room that features multilingual and flexible interface and mobile apps. It comes with advanced security features, like two-factor authentication as well as secure spreadsheet viewing. Its strong, independent certifications of numerous controls for processes, applications, infrastructure and people ensure the highest security for all users. However, it’s more expensive than other vendors with plans starting at $460 per month for a basic package.
Other vendors include Donnelley VDR. This cloud-based solution is specifically designed for M&A deals. The platform is easy to use and allows for seamless collaboration. It also supports multiple languages. It offers advanced security and compliance capabilities, and its developer has a positive reputation. Some users have complained that the software virtual data room software is slow and unresponsive.
