When selecting a virtual room opt for one with an easy-to-use user interface that supports the most widely used formats of files and comes with an in-platform view. The best VDRs provide customer support to assist in resolving any issues that arise during the due diligence process. It is crucial to select one that supports your industry so that you can benefit from industry-specific features and make collaboration easier.
Intralinks specifically designed for global banking and M&A provides sophisticated data management along with streamlined processes to ensure top-tier security for confidential documents that are shared on its online portals. Its automated setup as well as pre-configured workflows, controls and workflows help users get up and running quickly. Granular permissions and controls also ensure that only those with the right to access data are able to do so. Mobile access and 24/7 support make it a fantastic alternative for M&A teams that travel.
Datasite Diligence is a leading solution for M&A. It integrates security and collaboration to streamline deals and improve M&A workflows. Its AI tools streamline due diligence, automating tasks, categorizing information and cutting it out, and delivering information on bidder behavior and motivations. Users can also rely on fast responses to questions and central task tracking to keep them on track throughout the course of the deal.
Digify created in 2011, claims to be the most simple data storage service available. It allows for instant installation and basic features such as drag-anddrop bulk-uploads security features, and customizable NDAs. Digify also supports external integrations, 2-Factor Authentication, and also notifications.
