Dealmaking can be a time-consuming task that requires the storage and sharing of large volumes of confidential documents. Virtual data rooms make collaboration and due diligence a breeze, reducing the need for physical files while increasing transparency. It also improves the security of transactions and deals. The right solution will ensure your data is organized, efficient, and secure. To select the right solution, you must understand the features offered and choose one that has all of them. To help you out we have compared the top VDR providers, such as iDeals Citrix and Datasite, in terms of their data management features.
iDeals has earned a name as an industry-leading platform for M&A international banking, capital markets transactions, and project collaboration. The robust toolkit they offer includes consultation services, training options and 24/7 support. Their data rooms are available in cloud hybrid, on-premise, or on-premise model to meet your workflow and infrastructure. They offer a Q&A area to promote teamwork and communication and also a sophisticated information rights management system that lets you assign permissions to each user.
Nimbus Platform is a powerful project management and document management application that has a virtual data room (VDR) that places security at its core of its offerings. The platform beefs up security by keeping backups continuously on Amazon S3 servers and bank-grade 128-bit SSL encryption. It also comes with physical security measures, such as two-step authentication, mobile passcodes and other security measures.
RR Donnelley Venue offers M&A buy-side and sell-side solutions including document repository, procurement and management. The firm’s robust tools include compliance and security as well as device-agnostic syncing, and 24/7 support that makes it easy for users to start using. Its VDR is a trusted tool in many industries for its data protection security that includes granular permissions on documents, encryption of data at rest and custom watermarks.
