When you need to complete crucial transactions or projects, having the appropriate virtual data room provider available is crucial. However it is important to note that not all providers are created equal – and seemingly trivial differences in features cost, interfaces, and costs can have a significant impact when a deal is on the line.
This article will help you locate the most efficient virtual data rooms based on your needs. We review key aspects such as the functionality, cost structures, and security features to help you determine the best solution for your company.
Traditional Providers
The conventional VDR solutions are characterized by their legacy software and pricing models per document. They also tend to have an arduous learning curve and lack numerous features that can streamline the process.
Modern Providers
A newer breed of virtual data room providers has emerged, offering Software-as-a-Service models that significantly improve efficiency and reduce costs while delivering professional-grade document control. These companies are geared toward middle-sized companies and investment banks.
iDeals, a virtual data room leader, focuses on facilitating due-diligence in M&As, real estate biotech, as well as other technologies. Contrary to some competitors, which require users to download plugins, iDeals works consistently across all operating systems, browsers and devices without limitations. Its features include upload speeds of 5MB/second, SmartLock that allows revoking access even after documents have been downloaded, built-in redaction and DocuSign integration. Its support is available around all hours of the day and supports multiple languages.