When choosing a virtual dataroom make sure you choose one that has an easy-to-use interface for users that is compatible with the most popular formats for files and comes with the ability to view files on any platform. The best VDRs provide support for customers to assist in resolving any issues that arise during the due diligence. When choosing a VDR provider it is important to select one that can support the particular industry you work in, so you can benefit from the specific features for your industry and improve collaboration and speed up processes.
Intralinks, designed for global banking and M&A provides advanced data management, as well as streamlined processes to ensure top-tier security for confidential documents shared on its portals online. Its automated setup and pre-configured workflows let users start right away, while granular permissions and controls ensure that only those who are authorized to access data can do it. With access to mobile devices and 24/7 customer support, it’s an ideal option for mobile M&A teams.
A top-of-the-line solution for M&A, Datasite Diligence combines strict security with easy collaboration to streamline complex deals and enhance M&A workflows. Its AI tools simplify due diligence, automating tasks, categorizing data, redacting it, and providing insights into bidders’ behavior and motivations. Users can also count on lightning-fast responses to questions and centralized task tracking that keeps them in order throughout the course of the deal.
Digify, founded in 2011 is said to be the simplest data storage service available. It allows for instant set-up and basic features, such as drag-and drop bulk-uploads, security presentations and custom NDAs. Digify allows integrations with external sources as well as 2-factor authentication and notifications.
