It is crucial to look up reviews on third-party websites such as Trustpilot and Software Advice, as well as analyzing employee reviews on Glassdoor. This will help you gain a deeper insight into the reliability of the service as well as its ethics. Additionally, you must check the provider’s compliance with security standards for data protection and the functionality it has that will meet the specific needs of your industry.
Modern virtual dealrooms are outfitted with numerous functions that control access to documents and data. The most important feature is that they provide secure storage and access controls for sensitive data. This means that they are able to avoid attacks, breaches and theft. Some companies offer advanced analysis and reporting tools to help with crucial business activities like due diligence or fundraising rounds.
Intralinks, for example provides advanced features for complex transactions such as M&A or raising funds. They provide multi-project management, document tagging, tamperproof annotating as well as a re-usable NDA, and permission-based role. They also offer access control that is granular, with dynamic watermarking and two-factor authentication. In addition to these advanced features, Intralinks has a clear pricing structure as well as high-quality customer service.
Another top-tier VDR is Merrill Datasite, which provides an easy-to-use interface and a variety of file formats. The platform also permits bulk uploads that can be uploaded by drag-and-drop, cross-project reporting and activity tracking. It also supports multiple languages, and has a great customer support team.
