www.vdrapp.info/good-reasons-why-you-need-a-private-equity-document-management-system
It is important to consider the features you require in your online repository prior to selecting the virtual data room. It is also crucial to think about how you intend to make use of the virtual data room in order to determine if expensive and sophisticated features are required. It is important to also be aware of the style and appearance of the interface as well as its ease of use. Before making any final decision, try the system out and talk to one of the support staff.
A popular choice is FirmRoom, which is well known for its M&A project management tools, however it could be useful in a number of different industries. FirmRoom offers standard VDR functions like drag and drop as well as specific user permissions, while providing security benefits like dynamic watermarks as well as audit trails, mobile device management and locking down files. They also integrate with applications like Salesforce or Slack to facilitate collaboration.
iDeals is another alternative, which is user-friendly and provides the standard VDR functionality. Their reviews from clients show that they do not have the most robust features for access control, like multi-factor authentication or granular permissions. Users have also expressed their displeasure with iDeals’ slowness and problems with Excel documents that contain macros.
Datasite is a third option. It is known for its M&A diligence capabilities, but it can be utilized for other procedures, like IPOs and disposals. This provider streamlines these processes by providing custom deal workflows, AI and document presentation features. They also provide standard features for managing documents, such as a secure fence view and dynamic watermarks.