Dealmaking can be a lengthy process that involves storing and sharing large amounts of confidential documents. Virtual data rooms make due diligence and collaboration easier eliminating the need for physical files while increasing transparency. It also improves confidence in transactions and deals. However, the best solution will ensure that your information is secure and efficient. To determine the most efficient one you need to be aware of the various features that are available and select a vendor that offers all of them. To help you, we compared top VDR providers like iDeals, Citrix and Datasite in terms of their data management features.
iDeals has earned itself a reputation as a market-leading platform for M&A, global banking and capital markets transactions, as well as collaboration for projects. The robust toolkit offers consultation services, online training, and 24/7 assistance. Their data rooms are available in a cloud or hybrid model, as well as on-premise and hybrid to fit your workflow and infrastructure. They have a Q&A area to encourage communication and teamwork as well as a sophisticated information rights management system which allows you to set permissions for each individual user.
Nimbus Platform is a powerful document management and project management software with a virtual data room (VDR) that puts security at the center of its services. It enhances security by continuously storing backups on Amazon S3 servers and bank-grade 128-bit SSL encryption. Additionally, it offers stringent physical security features, like two-step authentication, as well as mobile passcodes.
RR Donnelley Venue offers M&A buy-side and sell-side solutions, document repository and procurement management. The firm’s powerful tools include compliance and security with agnostic device syncing as well as 24×7 support to make it simple for users to set up and run. Its VDR is trusted by many industries for its secure data protection security including access to documents in granular ways as well as data at rest encryption and custom watermarks.
http://www.boardlockerroom.com/boardpaq-board-portal-advantages