The most reliable virtual data rooms have a wide range of features that can be used to support M&A transactions as well as other business processes. These features include file sharing with auto-expiration and timeouts as well as restrictions on printing as well as downloading and viewing. These platforms also come with advanced security features, such as encryption, two-factor authentication, and customizable watermarks. These helpful hints tools ensure that the data is only accessible to authorized users.
Think about the level of support provided by VDRs. Look for ones that provide 24/7 live chat and phone support that is available in multiple languages. Make sure to verify that the customer support team is knowledgeable and can answer your questions quickly. Some providers offer small-sized businesses free trials or discounted rates.
For instance, Merrill Datasite has been in the VDR industry since 1968 and provides project, folder, or document-level permissions, AI redaction, and a custom dashboard. Some users encounter difficulties using the platform. Meanwhile, Firmex VDR streamlines mission-critical business transactions for large and medium companies. The platform offers visual analytics, as well as a free demonstration.
Another top-of-the-line virtual deal room is OneHub which allows secure sharing of information across teams in industries such as manufacturing as well as medical research, entertainment, and accounting. The software for managing data allows for real-time collaboration and document viewing through iOS and Android devices. It is equipped with advanced security features like dynamic threat protection, document expired dates as well as page-by-page analysis of content performance. Additionally, the platform provides an initial 14-day trial.