When it comes to M&A, joint venture, IPO or fundraising – just about every deal includes tons of papers that need to be evaluated and sold. It’s rather a time-consuming, intense and not so exciting due diligence process. And it would be great if there were an easy-to-use, safe and convenient way to all that paper documents damage. The answer is online data area – on-line repositories that allow multiple parties to store, organize, share and easily get critical facts.
VDR service providers typically offer a wide range of document management tools like multi-factor authentication, granular user accord and more. Moreover, proven VDR distributors will usually offer additional products and services that make it better to manage the documentation that they host like eSigning products or doc automation program.
As far as features go, the very best virtual data rooms are those that are really result-oriented and versatile to the requirements of the project. Some of the top-rated services include iDeals, a secure and reliable platform that allows for the upload of business files in more than 25 forms. The platform comes with drag and drop functionality, the ability to combine files as one PDF file and research online function with automatic index numbering and full-text search. iDeals delivers unlimited storage space and 24/7 support through email, discussion and phone.
Another best choice is Citrix ShareFile, a cloud-based file sharing platform that is used by companies and small enterprises alike to securely show data room and store details. The platform presents a wide variety of safety features which include watermarks, e-signatures, the ability to prohibit downloads and viewing occasions and a fence enjoy that conceals certain parts of a file to prevent screenshotting. Citrix ShareFile also has cellular apps and is compatible with Windows, Macintosh and iOS devices.