When selecting the best data room software, choose vendors that provide a wide range of functions. They should be able to provide precise information about the user’s activities within the virtual data room. Additionally, they must be able to produce audit trails that will increase transparency and accountability. Other essential features to consider include customizable watermarks, email notifications, the ability to grant access to users in granular ways two-factor authentication, printing control and export of documents.
Firmex provides a unified virtual data room that is used by enterprises with information-dependent operations to accelerate due diligence processes, facilitate collaboration, and streamline the document management workflow. The platform was designed to meet the needs of a wide range of industry sectors such as life sciences, technology investment banks, legal firms and private equity and venture capital.
iDeals Virtual Data Room has many options including secure document sharing, security-related presentations, revoked access and customizable watermarks. It is user-friendly and offers numerous integration options like Boxes and Google Drives, Dropboxs, and Salesforce. The vendor offers a free trial of 30 days.
Kiteworks is an electronic data room online data space that facilitates multi-organizational transactions, like M&As or fundraising. More than 3,800 organizations have a trust in it including IT, security and compliance executives. It protects sensitive data from being exposed intentionally or accidentally, with a powerful encryption and access controls based on need-to-know. The tool allows administrators to monitor user and document activity through informative analysis dashboards.
