When it comes to selecting a virtual data room, choose one that has user-friendly interfaces that can handle the most commonly used formats of data and come with a platform-independent viewing. The best VDRs also provide customer support to help resolve any issues that may arise during the due diligence process. When selecting a service it is advisable to select one that has support for the specific industry you operate in so you can benefit from specific industry-specific features as well as streamline collaboration and speed processes.
Intralinks is designed for global banking and M&A provides advanced data management as well as streamlined processes to ensure top-tier security for confidential documents that are shared on its online portals. Its automated virtual data rooms innovations setup workflows, pre-configured workflows and controls assist users in getting up and running quickly. The system’s permissions and controls are granular. They ensure that only those with the right to access information have access to it. With access via mobile and 24/7 customer support, it is an ideal option for mobile M&A teams.
Datasite Diligence is a leading solution for M&A. It integrates security and collaboration to simplify deals and improve M&A workflows. Its AI tools can streamline the process of due diligence by automating tasks including categorizing data and redacting it and revealing insights into bidder behavior and motives. Users can also count on fast responses to questions and central task tracking that keeps them in order throughout the deal.
Digify which was established in 2011 claims to be the easiest data storage service available. It allows for instant setup and basic features such as drag-and drop bulk-uploads, security displays and custom NDAs. The platform also supports external integrations, 2-Factor authentication and also notifications.