The best virtual datarooms comply with security standards, give users with the ability to grant permissions that are granular, and include features like dynamic watermarks, which block printing, copying, or saving. This makes it more difficult for cybercriminals to gain access to sensitive information. It doesn’t matter if it’s for M&A or fundraising, companies that require sharing documents with other parties need the right tools to safeguard sensitive information and ensure that their business operations running smoothly.
When it comes down to selecting a virtual data space, there are plenty of options that will suit different companies, but a lot of them lack essential features. You should look through reviews on reputable software review websites to determine whether the provider offers the functionality that you need for your transaction. You can also explore additional services that are often included with the virtual data room.
Some of the most well-known virtual data rooms are traditional companies with a history which dates back to before the Internet and a name that is well-established. RR Donnelley Intralinks Datasite are some of the most well-known providers of virtual data rooms. They are known for their features and were designed with M&A in mind because due diligence in this process requires a lot of document scrutiny. They tend to be expensive and might not be able to satisfy the requirements of smaller transactions.
Other providers are more creative and newer. Firmex is an example of a rising-star that offers the ease of use and security of the larger players while offering the cost-savings associated with starting a business. This provider is trusted across an array of industries. It offers advanced user settings and an ISO 27001 certificate, as well as other protocols for compliance. Users will also appreciate its simple interface and simple functions.
