How to Choose the Best Virtual Data Room for Due Diligence

When dealing with M&A, joint ventures, IPO or fundraising, due diligence is an intense time-consuming, document-heavy process. Virtual data rooms (VDRs) are online repositories which allow different parties to view and share files in a safe environment. When you are looking for the ideal VDR to meet your company’s needs there are a variety of aspects to take into account.

The most important things to look for in a virtual data space are robust security features and user interfaces that are easy to use and dependable customer service. In addition, you should take into consideration the possibility of customization and how easy it is to integrate the VDR into workflows. It is also important to select a vendor that offers robust analytics and reporting options.

iDeals is an intuitive and secure virtual data room that lets you complete strategic deals successfully. With its flexible workspace and advanced monitoring of activity it allows you to work collaboratively with partners, bidders and other stakeholders. Make time-saving use of drag-and-drop uploading of files as well as the high-quality preview feature.

Firmex is a top VDR provider that helps you manage complicated and crucial official source processes such as due diligence. Its user-friendly interface and 24×7 assistance helps you save time and money. The platform also has robust user authorization procedures along with security protocols and classification of sensitive data to protect it. It also facilitates retention and disposition to be in line with regulations such as SOX and FINRA.