The Best Data Room Software

The best data room software offers the latest in control and security of files, allowing users to safely transfer sensitive documents to external parties. These software solutions for businesses are essential for M&A, IPO, and other high-value transactions. The top providers provide secure uploads, auto indexing, built-in Q&A capabilities, e-signature and robust reporting. They also offer numerous projects, dashboards and user management.

iDeals VDR, for example, boasts a simple configuration and a wide array of deployment options. Its low learning curve, 24/7 support and ease of use make it a great choice for new businesses. However, if you read user reviews take note that the pricing structure can be pricey and it doesn’t provide an unlimited storage plan.

Box, Intralinks and Firmex are also popular VDR vendors. All of them are trusted by global enterprises, and offer a variety digital solutions for all kinds of projects. Box is utilized by more than 95,000 companies, including 68 percent of Fortune 500 firms. Its simple interface and extensive document integrations make it a perfect tool for daily or small transactions. Its limited capabilities however makes it unsuitable for larger scale operations.

Intralinks is among the most widely-used VDR providers, boasting an estimated 4 million users in the world. Its robust features include advanced search, document tags and the capability for mobile devices to view and edit PDF or Word files. It is also compatible with third-party apps and supports multiple languages and currencies. Besides its impressive features, it also offers a number of advanced options like two-factor authentication and session timeouts, as well as location restrictions and granular permissions.

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