Document sharing is a major element of the modern corporate environment. Mergers and acquisitions are not the only occasions that require this kind of documentation to be shared between business partners. Strategic alliances are another instance of a situation in which a large amount of documents is required. These situations require security, controllable, and malleable platform to transfer information. Online data rooms are a good option in this regard because they allow all parties involved to easily collaborate on any project and to keep track of its progress in real-time.
Not all providers of data rooms provide the same benefits. Top virtual data room providers permit for easy collaboration between parties, provide 24/7 access, and offer an entire team of support available to assist whenever needed.
They also grant granular access to download, view, and edit files, as well as IP and time restrictions. Some of the best providers also let you make reports about how each user used the system. This helps to avoid any unauthorized disclosures, and also gives the admin of the data room an overview of the activities within the VDR.
For example, Dealroom’s intuitive solution transforms the M&A process by offering a one-stop-shop for all the tools required to finish an M&A transaction. It offers an effortless experience for buyers and sellers. It also gives a 30 day trial period, and outstanding customer service with a response to customers in 25 seconds via chat or phone. iDeals is another service that is a leader in the industry thanks to its drag-and-drop feature and 25 file types supported, scroll-through viewer and mobile applications. Its convenient interface has received high marks from business leaders.