The right data room allows companies to efficiently store and share documents. Virtual data rooms aren’t made equal. Certain offer more features than others. Check out the security features and pricing of the data room when you are comparing. Some providers also offer additional services, like training or consulting, which can help you start and get the most value from your VDR.
Data room companies with a long-standing history of helping M&A processes offer functions, storage capacities, and consultancy services that can facilitate a successful transaction. These services are generally more expensive than other data rooms.
Some vendors are trying to break into the market by offering intuitive virtual datarooms, such as Safelink. This allows users to upload large numbers of documents, and also provides an index listing and directory listing to make organizing easier. Other features include adjustable permission levels, granular control over file viewing and two-factor authentication. Safelink also comes with an exclusive feature called Document Insights. This feature allows users to directly add notes onto documents, and then automatically formatted to be used in reports.
Other VDRs that have a reputation for being user-friendly include iDeals as well as Datasite. Both are highly rated for their white labeling and have been endorsed by a variety of large organizations, including Deloitte and Toyota. However there have been some users who have questioned their reliability.