How to Choose the Best Data Room Solution for Dealmaking

Dealmaking can be a long process that requires the storage and sharing large amounts of confidential documents. A virtual data room facilitates collaboration and due diligence easy without the need for physical files and increasing transparency. It also improves confidence in transactions and deals. However, the best solution will ensure that your data is secure and efficient. To determine the most efficient one you need to be aware of the different features offered and select a vendor that provides all of them. To assist you, we compared top VDR providers like iDeals, Citrix and Datasite in terms look these up of their features to manage data.

iDeals has earned itself a reputation as a leading platform for M&A worldwide banking and capital markets transactions, and collaboration for projects. Their extensive toolkit offers consultancy services, optional training and round-the-clock support. Their data rooms can be accessed in a cloud hybrid, on-premise or cloud model to accommodate your workflow and infrastructure. They also have a Q&A space to encourage teamwork and communication and a sophisticated information rights management system which lets you create permissions for each user.

Nimbus Platform, a powerful document management and project management software, includes the virtual dataroom (VDR) at its heart. It puts security as the main focus of its services. The platform enhances security by storing continuous backups on Amazon S3 servers and bank-grade 128-bit SSL encryption. In addition it provides stringent physical security options, including two-step authentication as well as mobile passcodes.

RR Donnelley Venue offers M&A buy-side and sell-side solutions including document repository, procurement and management. The robust tools of the company include security and compliance. Synchronization that is device independent and 24×7 customer support makes it simple to get users up and running. Its VDR is a trusted tool in various industries for its data protection security which includes granular access rights to documents, encryption of data at rest, and customizable watermarks.