The best virtual data rooms are those that provide a secure, reliable platform for sharing and storing documents. These services are getting more popular as they can replace physical storage options, and provide better control of access as well as transparency and communication. These services are particularly useful for businesses that must share sensitive data, such as those engaged in M&As due diligence, fundraising, and legal document management. Some of these services also include advanced analytics, a flexible UI, and eSignature support.
iDeals is one of the top VDRs available, offering a clean, intuitive interface and an extensive set of features like visual analytics managing users and groups, OCR, granular access controls, and custom watermarking. It gives a free trial and has a large number of clients, including Good Year, Deloitte and KPMG.
Firmex is a second top option and is renowned for its strength in due diligence. Its intuitive interface enables users to work fast, and its expert team provides 24/7 customer service. It also comes with a free trial of two weeks and provides customizable pricing.
Sharefile is an online data room with a range go to the website of features that meet the needs of different industries and business functions. Its security features include access to only view click trails, dynamic watermarking, and an extensive set of reporting information. It also allows users to turn off screenshots as well as track downloads and permit only certain IP addresses to access the website.