Best Data Room Reviews

A virtual data room (VDR) is an online repository that facilitates the secure sharing of business documents. Its functionality is valuable to a variety of industries that include insurance, banking and pharmaceuticals. VDRs help speed up the due diligence process enhance collaboration, and reduce expenses through removing the necessity to print, file, and copying. They are also beneficial in M&A transactions as well as other large-scale transactions.

iDeals supports 25+ file formats for business and offers drag-and-drop functionality to upload files and folders into the platform. Finding information read here is made easier with optical character recognition and full-text search. Users can view, download, move, rename and delete documents. iDeals allows users to combine multiple files into one PDF document. The software offers 24/7 multilingual customer support via chat, email and phone. iDeals is a low-cost option that offers many of the same features offered by other premium VDR providers.

SecureDocs is a powerful virtual data room popular with law firms and financial services companies. The unlimited storage capacity of its data and workspaces make it suitable for a variety of business sizes. The security features offered by this provider include audit trail reports, multi-factor authentication and SAML 2.0/SSO. In addition, it can be white-labeled and has advanced Q&A capabilities.