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Virtual Data Room Providers Review

It’s important that you look up reviews on third-party websites like Trustpilot and Software Advice, as well as researching employee opinions on Glassdoor. This will give you a greater understanding of the company’s ethics and effectiveness. Additionally, examine the provider’s compliance with data security standards and the functionality it has that will meet your specific industry requirements.

Modern virtual deal rooms are equipped with a broad range of functions that manage access to data and documents. The most important feature is that they provide secure storage and access controls for sensitive files. This will help you avoid cyberattacks or breaches and also theft. Some providers provide advanced analytics and reporting tools to assist with critical business processes such as due diligence or fundraising rounds.

For instance, Intralinks offers advanced features which are suited for complicated transactions such as M&A and raising funds. They offer multi-project management, document tagging and tamperproof annotations, a customizable NDA and permission-based roles. They also provide an extensive access control system that includes dynamic watermarking and two-factor authentication. In addition to these advanced features, Intralinks has a clear pricing structure and high-quality customer service.

Merrill Datasite is another top-tier VDR, with an easy-to use interface and a wide variety of formats for files. The platform also permits the bulk upload of files via drag-and drop reports, cross-project reporting, as well as activity tracking. It also supports a variety of languages and has an excellent customer support team.

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