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How to Choose the Best Data Room Solution for M&A
If you’re in process of negotiating a deal which requires secure exchange of documents, you’ll require the virtual data room (VDR) solution. A good VDR will simplify operations and boost productivity by offering a single, secure platform for sharing files and storing data. It should support multiple file formats, offer high-speed uploads and downloads with Q&A functionality and support mobile access. A top VDR will also include robust security features, including watermarking of documents and granular permissions.
Box Data Room is trusted by more than 95,000 businesses, 68% of which are included in the Fortune 500. Its simple installation, smooth workflow and mobile integrations make it suitable for small or routine transactions. However, some users say that the system lacks sophisticated functionality and is a challenge to use for large projects.
Ipreo Prism Virtual Data Room is a secure platform that allows you to share information with important stakeholders. Cloud technology permits quick implementation without the requirement for downloading or installation. Its granular reports allow participants to track their progress and gain insight. Additionally, it supports different languages and provides many file types, including PDFs and PowerPoint presentations.
RR Donnelley Venue Data Room offers a full suite of solutions for M&A buy and sell-side due diligence, corporate repository and procurement management. Its security features include file-level access, data at rest encryption and the ability to control security for viewing and downloading files. It also provides a broad variety of tools for collaboration such as chats, Q&A and chats. Some users have complained that the interface was not as user-friendly as they claimed, and that it was more expensive than other providers.
