How to Choose the Best Data Room Solution for Dealmaking

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Dealmaking is a lengthy process which requires the storage and sharing large volumes of confidential documents. A virtual data room makes collaboration and due diligence a breeze and effortless, removing the need for physical files, and increasing transparency. It also improves the security of transactions and deals. The best solution will guarantee your data is well-organized efficiently, secure, and efficient. To select the right solution it is essential to understand the features available and select the vendor that offers all of them. To help you, we’ve compared top VDR providers such as iDeals, Citrix and Datasite in terms of their features for managing data.

iDeals is a top platform for M&A transactions as well as global banking, capital markets and project collaboration. Their toolkit is robust and includes consultation services, as well as online training, and 24/7 support. Their data rooms can be accessed in cloud hybrid, on-premise, or on-premise model to fit your workflow and infrastructure. They offer a Q&A section to encourage communication and teamwork as well as a sophisticated information rights management system that allows you to create permissions for each user.

Nimbus Platform, a powerful document management and project management software, has the virtual dataroom (VDR) at its heart. It puts security as the center of its services. It enhances security by storing regular backups on Amazon S3 servers, and using 128-bit SSL encryption. In addition it provides stringent physical security forms such as two-step authentication as well as mobile passcodes.

RR Donnelley Venue provides M&A buy-side and sell-side services as well as document repository and procurement management. The robust tools of the company include security and compliance. Agnostic sync for devices and 24-hour customer support make it easy to get users up and running. Its VDR is trusted by numerous industries for its data protection security, including granular permissions on documents, data encryption at rest and customizable watermarks.