Choosing Data Room Software

If you’re looking to shift your document management away from email to a unified platform Data room software is a great solution. It lets you share documents with other users safely and collaborate with ease. It also supports a broad range of file formats, and lets editing of the files. It allows you to monitor who is using your files, and when. When choosing a data room provider, look for those with granular permissions as well as central dashboards to track activity.

iDeals Virtual Data Room offers a broad range of business tools at a reasonable price. Its features include OCR, multilingual search and two-way synchronization. Its drag-and drop interface is easy to use for non-technical users, and lets you create projects quickly. It helps you organize your documents with the directory list and a going paperless data room index that can be exported as PDF or Excel. iDeals also offers a broad range of collaboration tools including Q&A, an encrypted document viewer, and a re-usable workspace.

Ipreo Prism Virtual Data Room is a cloud-based tool that allows document sharing and collaboration, provides secure storage of documents as well as collaboration in business processes. Its installation takes less than five minute and does not require any downloads, plug-ins or installations. The platform is certified by ISO 27001 and SOC 2 and comes with a high-uptime assurance. Analytics feature automates reports and identifies patterns of behaviour to identify risky behavior.

Brainloop Secure Dataroom, a SaaS-based VDR, is a SaaS that specializes in providing an online workspace that is secure to assist in M&A transactions and due diligence. It comes with a complete security structure and is accessible 24/7 through a web browser or its mobile application. Its security features include password protection timeouts, automatic expiration and timeouts of access privileges to users as well as central control panels and a visual analysis of document activity. It is a good fit for mid-sized or small-sized companies.