In the past, a simple cabinet for filing was enough to store all your documents. However, as a start-up data privacy you need a virtual room that is easy to use and gives rapid access to crucial information. It should also have a full set of security features that protect sensitive information. In addition, many VDR providers offer extra services such as technical assistance and consultation at a lower cost when purchased in bulk alongside their software.
Here are the top data room providers to consider. iDeals is a well-established online data room provider, offers a number secure collaboration features. Among them, it offers an audit log secure to keep the complete history of the activities of users along with e-signature features and a customizable NDA. It also provides a user-friendly interface for non-technical users and supports both desktop and mobile devices.
Customers include Deloitte, American Airlines, and Toyota. Firmex is another well-established VDR that specialises in M&A and other business transactions and their user-friendly platform can be used across all industries. Security features include watermarking as well as two-factor authentication.
It’s a great choice for large and mid-sized businesses, especially those who need to complete multiple M&A transactions. The scalable pricing permits you to pay for additional features when you require these features. It also offers a range of integrations and a customizable interface, and a powerful search engine that can identify both exact and partial matches.