02 Sep Making a Data Room Comparison
The best data rooms can help companies effectively store and share documents. Virtual data rooms aren’t made equal. Some have more features than others. Check out the security features and prices of the data room when comparing. Some providers provide additional services such as training or consulting to help you get started with your VDR.
Data room providers with a long history of helping M&A processes offer functions including storage capacities, storage capacity, and consulting services that can help in facilitating a successful deal. These services are typically more expensive than the services provided by other data rooms.
Virtual Data Rooms with a Virtual Interface
Certain vendors are trying to gain traction in the market by offering easy-to-use virtual data rooms such as Safelink, which allows users to upload documents in bulk and also provides an index and directory listing for simple organization. Other features include a customizable level of permission as well as granular control over document viewing, and two-factor authentication. In addition, Safelink has a unique feature called Document Insights which allows users to add notes directly onto documents and then automatically format them to be used in the form of a report.
Other VDRs with a track record for being user-friendly are iDeals and Datasite. Both are highly rated and respected by large corporations like Deloitte, Toyota and others for their white-labeling. However some users have criticized their reliability.
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