Virtual Data Rooms offer the security and safety for the exchange of sensitive information between business partners. They are used in a myriad of processes including M&A, litigation, compliance and due diligence. The choice of the most suitable VDR provider is a difficult task that requires careful evaluation of a variety of aspects. These factors include price and functionality, as well as the ability to comply with industry standards. The provider should also be able offer additional services which can reduce costs and simplify the processes.
A reliable VDR provider should have a good customer satisfaction score and provide site here numerous ways for clients to contact support staff. These channels should be accessible 24/7 and include phone, email and live chat. The support team should be able to respond to questions quickly and in depth. The support provider should also offer training for users to know the features of the platform.
When choosing a deal room, it is important to identify the type of document management functions you need. Depending on the size of your company it is possible that you will require an array of options or a more basic function. It is important to determine if your company is in search of cloud-based or on-premise solutions.
Intralinks is among the most well-known and reliable virtual deal rooms in the world, providing a secure, cloud-based solution that is simple to set up and offers unlimited storage. The security measures provided by the company are impressive, with a variety of layers of security to keep sensitive information safe such as physical security, continuous backup of data and uptime of 99.9 percent two-step authentication, and a multi-faceted approach to online file security that incorporates encryption methods, dynamic watermarks and document control and DRM.