A virtual dataroom (VDR) allows you to share documents on your business online with customers and partners. It can help businesses streamline transactions by eliminating the need to physically transfer sensitive information. All VDRs are not created identical. It is important to evaluate pricing and features to find the best VDR. This article is a guide to evaluating the most effective VDR providers based on their security measures, deployment solutions and customer support.
When you are looking for the most reliable VDR, take a look at how the software will protect your records and files. A quality VDR offers numerous layers of security including access control, 2-factor authentication, and encryption. It also allows you to monitor user activity by providing reports that detail all uploads and downloads. Compliance certifications are essential, as they indicate the vendor’s commitment in meeting the highest standards in the industry.
Box is an excellent choice for small-sized businesses looking for an easy to use VDR solution. It is a low-cost program that offers secure collaboration tools, a central document repository and real-time analytics. It works with a variety of operating systems and devices. However, it doesn’t offer the advanced features that are needed for large-scale M&A transactions.
CapLinked is a comprehensive cloud-based VDR that caters to large and mid-sized companies. It is known for a robust collection of data management and due diligence tools, and offers a flexible pricing based upon specific requirements of the project. It also has a large library of templates to facilitate various types of transactions.