When deciding on a virtual data space, make sure you choose one with user-friendly interfaces that can handle the most widely used file formats and come equipped with a platform-independent viewing capabilities. The top VDRs provide support for customers to help resolve any issues that arise during due diligence. It is crucial to choose one that supports your industry so that you can benefit from industry-specific features and streamline collaboration.
Intralinks, designed for global banking and M&A offers sophisticated data management as well as efficient processes that provide top-of-the line security for confidential documents that are shared on its online portals. Its automated setup with pre-configured workflows and control allow users to get up and running quickly. Granular permissions and controls also ensure that only those who have the ability to access information are able to do so. With access to mobile devices and 24/7 customer support, it is an ideal option for those who travel M&A teams.
Datasite Diligence is a leading solution for M&A. It blends security and collaboration to streamline deals and enhance M&A workflows. Its AI tools simplify due diligence by automating tasks, categorizing data and cutting it out, and delivering information on bidder behavior and motivations. The users can also count on fast responses to questions and central task tracking to ensure that they are organized throughout the transaction.
Digify was founded in 2011 and claims to be the most simple data room on the market. It offers instant setting up and basic features such as drag-and drop bulk-uploads, security displays and custom NDAs. Digify also supports external integrations, 2-Factor authentication, and notifications.