If you’re in the process of negotiating a transaction that requires secure exchange of documents, you need a virtual data room (VDR) solution. A reliable VDR will make your life easier and improve productivity by providing a single, reliable platform to share files and store data. It should be able to support various file formats, offer fast uploads and downloads as well as Q&A functionality, and provide mobile access. A top VDR will also include robust security features, including granular permissions and document watermarking.

Box Data Room is trusted and used by over 95,000 businesses. 68% are Fortune 500 companies. Its workflow tools that are streamlined, simple deployment, and mobile app integrations are perfect for small or regular transactions. However, some users complain that the system is lacking in sophisticated functionality and is a challenge to use for large projects.

Ipreo Prism Virtual Data Room provides a secure way of sharing information with investors and key stakeholders. Its cloud technology enables fast implementation without downloading or installations required. Its granular reporting allows participants to monitor their the progress of their activities and gain insights. It supports multiple languages, and offers a variety of file types, including PDFs and PowerPoint Presentations.

RR Donnelley Venue Data Room is a complete solution for M&A due diligence on both sides of the transaction corporate repository management and procurement management. Its security features include file level security as well as data encryption at rest, and specific security controls for viewing and downloading files. It http://www.boardlockerroom.co also comes with a selection of tools for collaboration, such as chats and Q&A. Some users have complained that the interface was not as easy as advertised, and that it was more expensive than other providers.