Virtual Data Rooms offer a safe and secure environment for the exchange of sensitive information between business stakeholders. They are utilized in a variety of processes including M&A and litigation, compliance, and due diligence. The selection of the top VDR provider is a challenging task that requires careful evaluation of many different aspects. Some of these include price, performance and the capability to meet industry standards. The provider should also be able offer additional services which can reduce costs and streamline the processes.
A reliable VDR provider must have a high satisfaction rate and provide a number of ways to communicate with support personnel. These channels should be available 24/7 and include email, live chat, and phone. The support team must be knowledgeable and able to answer questions quickly and thoroughly. The support provider should also offer instruction for users to better learn about the platform’s features.
When deciding on a virtual deal room, it’s important to know what kind of document management features you require. Depending on the size of your organization it is possible that you will require many features or even more basic functions. You should also think about whether your company is in search of an on-premise or cloud-based solution.
Intralinks is among the most well-known and trusted virtual deal rooms around the world, offering an encrypted, cloud-based solution that is simple to set up and offers unlimited storage. The security measures offered by the provider are impressive, featuring multiple layers of protection to keep sensitive data secure such as physical security, continuous backups of data and uptime of 99.9 percent Two-step authentication, as well as an array of options for online file security that includes encryption techniques dynamic watermarks, document controls, and DRM.