Data room comparison is a must-have feature to facilitate streamlined M&A due diligence bidding, bankruptcy and contract negotiations. It provides a secure and a superior online experience for clients, investors and internal stakeholders. With this comparison tool you can compare different virtual data rooms ‘ prices and features for a quick and easy decision-making.

Apart from the fundamental functionality Be sure to look for advanced features that elevate the VDR user experience. Select a VDR solution that has customizable themes and standard templates for efficient document organization. This will accelerate the process of creating a project and decrease overall workload. Look for a data room that also allows you to track and analyze team activity through analytics for document viewing which include page-by-page information about who has viewed the document and when. This information can assist you in understanding the needs of the stakeholders and improve your long-term business strategies.

Virtual data rooms that are safe come with multiple layers of security and adhere to industry-wide standards. Multi-factor authentication is provided as are granular authorizations for users, as well as a robust digital rights management. They also provide audit logs for tracking usage and uploads/downloads. They also offer security certifications like SOC 2 Type II and HIPAA/GDP to increase the degree of security.

When evaluating a digital data room, check out its reviews and ratings on popular review websites. Look at the number of reviews with a rating of a minimum and whether they are positive or not. Certain vendors, like iDeals and Citrix, have been lauded by their customers for their extreme user-friendliness and white labeling solutions. Others, such as Dfin and Intralinks are highly praised for their storage capacity, but they do not have a number of advanced functions.