The best data room software is secure online repository solutions designed to enable companies and individuals to work together via file-sharing and document-management features. These virtual tools simplify procedures like M&A due diligence and archiving with a focus on safeguarding sensitive information. The best options for your business will depend on your needs, however these 20 tools can help identify the right solution.
iDeals offers an VDR with a wide range of features that include document sharing and tracking. It has a user interface that can be customized and dynamic watermarking, as well as unique tagging to make it easy to find and context, and granular permissions. It has real-time reporting and zero-plugin reliability, as and an indexing system which automatically best data room software adds uploaded files to an archive. It is ideal for freelancers as well as medium-sized companies.
Intralinks VDR is a high-end platform that can help improve M&A processes by streamlining high-stake deals. It comes with a user-friendly interface that is accessible via mobile and desktop devices and offers solid security measures like lifetime data protection, user-controlled permissions that are custom-designed, as well as advanced IRM. It has a number of other features that facilitate the M&A process, including custom workflows, advanced search functionality, DocuSign integration, and more.
Merrill Datasite, an online VDR, is an excellent choice for law firms as well as corporate development banks, investment banks, and private equity. It is a VDR that provides an industry-leading level of security, and can meet even the most stringent requirements. It features a drag-and-drop document upload feature that can be published immediately or scheduled to publish later. It also offers visual analysis of document activity as well as an activity monitor for the user. The software is cloud-based and is compatible with all major browsers.