When selecting a virtual data room https://dataroomtv.com/how-to-find-a-secure-virtual-data-room/ service, it is important to read reviews on third-party websites such as Trustpilot and Software Advice as well as look into the opinions of employees on Glassdoor. This will give you a better understanding of the company’s ethics and efficiency. You should also check whether the company is in compliance with the standards for data security, and if the functionality of the provider can meet the specific needs of your business.

Modern virtual deal rooms are equipped with a range of functions that manage access to data and documents. The most important feature is that they offer secure storage and access control for sensitive data. This will help you avoid cyberattacks, breaches, and theft. Some providers include advanced analytics and reporting tools to help with crucial business activities such as due diligence or fundraising rounds.

Intralinks, for example has advanced features suitable for complex transactions such as M&A or raising funds. They offer multi-projects management document tagging, tamperproof annotating, a customizable NDA and a permission-based role. They also provide an extensive control of access through dynamic watermarking and two-factor authentication. In addition to these advanced features, Intralinks has a clear pricing structure and excellent customer support.

Another top-tier VDR is Merrill Datasite, which provides an easy-to-use interface as well as numerous file formats. The platform supports drag-and-drop mass uploads, cross-project reports and activity tracking. It also supports a variety of languages, and has a strong customer support team.