Virtual data rooms (VDRs) with their top-of-the-line security features and a wide range of functions can be a fantastic way to make deal transactions easier. They offer a secure document repository and many other essential document services, including eSigning products, contract management tools, and much more. Furthermore, many are designed to simplify and accelerate due diligence using features like a custom arrangement of folders, a scroll-through viewing with automatic indexing, as well as more flexible permission settings.
The trick is to focus on the best features for your requirements. If you’re looking for a solution to manage one project, look for one that offers a simple system of folders to organize your documents. If you’re looking for the solution for a long-term deal, search for a provider that has a robust Q&A feature that tracks activity in real-time and full audit trails.
Review the feedback of customers on review sites that are independent to determine the best fit. Check for testimonials from customers on the software’s performance in different scenarios, like efficient due diligence or secure collaboration on a sensitive project, and the quality support.
Intralinks Virtual Data Room Edition provides over 6,000 high-risk deals each year. These are ranging from M&A due diligence to partnership and fundraising negotiations. The software provides a nimble workspace that allows stakeholders to work together with anyone, anywhere and on any device. Additionally, with robust security features, such as private servers, external security audits, safe data processing practices, and vulnerability management, it helps organizations to meet security and compliance requirements. Furthermore, it allows them to streamline workflows to maximize their return on investment.