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Choosing the Best Data Room Provider
A virtual data room is an online platform that is used to store, share and manage documents for business. It is a safe repository that allows multiple parties to have access to data at anytime and from any location. It is typically used for M&A and legal matters as well as regulatory compliance and corporate development activities.
When choosing a virtual room service, you should take into consideration security, functionality and price. The top providers will be certified for cloud software security, and have specific features to the industry like the ability to be compliant with regulations like GDPR. Additionally, they should have a clear pricing structure and be simple to use.
Intralinks is renowned for its security at the highest level user interface, intuitive interface and intelligent automation. Document management solutions from the company are used by all types of businesses to organize documents for transactions and accelerate due diligence in M&A. They are also used for collaborative projects with outside parties like private equity, investment banks and law firms.
iDeals is another well-known VDR offering a sophisticated interface and advanced tools for collaboration and management. Its security features include document tracking, real-time activity alerts, and electronic signatures using KBA. iDeals is a great choice for businesses with a budget of mid-sized, as it is less expensive than other providers.
Firmex is the leading virtual data room with high-level security. They also have experts on staff. It is available for a free two-week trial and is suitable to companies of all sizes. Its most important features include a sleek interface, advanced admin rights and the ability to customize user permissions.
