It’s important that you read reviews on third party websites, such as Trustpilot and Software Advice, as well as reading employee opinions on Glassdoor. This will provide you with a better understanding of the company’s ethics and efficiency. In addition, you should check the provider’s compliance with security standards for data protection and the functionality it has that will meet your industry-specific needs.
Modern virtual dealrooms are equipped with a variety of functions to manage access to documents and data. The most important feature is that they offer secure storage and control over access to sensitive files. This means avoiding cyberattacks, breaches and theft. Some providers include advanced analytics and reporting tools that aid in critical business tasks such as due diligence or fundraising rounds.
Intralinks, for example provides advanced features that are suitable for complex transactions like M&A or raising funds. They provide multi-project management, document tagging and the ability to tamperproof annotations. They also offer a customizable NDA and permission-based roles. They also offer high-quality access control, with dynamic watermarking and two-factor authentication. In addition to these advanced features, Intralinks has a clear pricing structure and excellent customer service.
Another top-of-the-line VDR is Merrill Datasite, which provides an easy-to-use interface as well as different formats for files. It also offers bulk uploads that can be uploaded by drag-and-drop reports, cross-project reporting, as well as activity tracking. It also supports multiple languages and has a dependable customer support team.