When you need to select the best vdr provider choose a provider with robust security protocols, advanced access controls, and two-factor authentication. Also, look into whether it has a built-in document viewer that can handle various file formats, as well as an option to search that makes use of metadata to organize documents. Additionally, a reliable provider must have monitoring of user activity capabilities to track uploads, downloads, as well as changes. This information is essential for M&A deals as well as other large, multi-file projects.
Startups typically wear many hats and don’t have enough time to learn complex platforms or difficult interfaces. It’s important to choose a VDR that has a low learning curve and 24-hour support. Then you can concentrate on your business rather than worrying about technical issues.
iDeals Virtual Data Room is a secure virtual room that is used extensively for M&A transactions as well as due diligence. It has offices in more than 12 countries and offers fast installation and a friendly interface for users. However it’s not as flexible as its rivals.
Portalstack is another option for M&A. Its premium plan comes with unlimited e-signature and allows you to embed Google Sheets so that you can easily share financial models and cap tables. Its Notion editor makes it simple to personalize the VDR homepage. Moreover, it can integrate with other tools to speed up the deal process. It is offered at $39 per month as a base price.
