The best virtual datarooms are compliant with security regulations, offer users with the ability to grant permissions that are granular and features like dynamic watermarks, which block printing, copying and saving. This makes it harder for cybercriminals take advantage of private information. Companies that share documents with third-parties whether for M&A or fundraisers, need the right tools to safeguard sensitive data and keep business operations running smoothly.
There are a lot of options available when it comes to choosing the best virtual dataroom. However there are many providers that don’t provide the features that is required by businesses. It is crucial to read reviews on well-known software review websites to determine if the company offers the features you require for your transactions. You can also explore additional services that are typically included with the virtual data room.
Some of the most well-known virtual data rooms are traditional providers with a long and rich history that goes back to before the advent of the Internet and a name that is well-known. They include RR Donnelley, Intralinks and Datasite. They are known for being feature-heavy and were created with M&A in mind, as due diligence in this process calls for a lot of document scrutiny. However, they tend to have a high price tag and may not meet the needs of smaller deals.
Other providers are younger and more creative. Firmex is an example of a rising star that offers the usability and security of larger players, while also offering the cost savings that come with a start-up. The company is trusted by many industries. It provides advanced user settings and an ISO 27001 certificate, as well as other compliance protocols. Its easy interface and simple features are also an advantage for users.