When searching for a virtual data room, it is essential to select a product with an intuitive interface and a brief learning curve. Also, you should check whether the provider offers a trial-free or charge-free time period to test the software. You can also read reviews on third-party sites to get a better understanding of the software’s vendor.
A great VDR will provide a range of features, including collaboration, file sharing, and the ability to control security in a granular manner. Furthermore, the tool should be able to track uploads and usage, as well as convert audit logs into customizable reports for simple project management. The solution is required to be backed by a 24/7 customer support service as well as a strong encryption tool.
Firmroom is a great cloud-based virtual data room for M&A and other complex processes, with flexible access permissions and an efficient search engine. It also allows secure document transfer and overcoming limitations in file size. It’s an excellent choice for mid-sized and large-sized businesses.
CapLinked is a second popular M&A VDR, allowing users to easily share files with external parties and track activity in real-time. It also has an advanced feature called “fence view” which blacks out certain areas of documents so that personally-identifiable information stays private.
Life science companies frequently merge with one another or raise funds, and require an VDR that is able to protect their intellectual portfolios. One alternative is iDeals which offers an easy-to-use interface and extensive functions, as well as security certifications, such as ISO 27001 and SOC 1/2/3.
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