When choosing the right VDR service, be looking for one that comes with strong security protocols, granular control over access and two-factor verification. Check if it has an integrated document viewer that can support different file formats, and a search function that categorizes files by metadata. A good provider will also be able to track user activities and track downloads uploads, and modifications. This information is vital for M&A deals as well as other large multi-file projects.

Startups are often juggling multiple responsibilities and don’t have the time learn complex platforms or outdated interfaces. That’s why it’s important to choose a VDR provider that has a quick time to adopt and 24/7 customer support. You can then concentrate on your business instead of worrying about technical issues.

iDeals Virtual Data Room is a safe virtual room that is used extensively for M&A transactions as well as due diligence. It has offices in more than 12 countries and offers rapid installation and a simple interface for users. It’s not quite as flexible as other competitors.

Another alternative for M&A is Portalstack. Its premium plan lets users to embed Google Sheets and share financial models or cap tables. The editor is similar to Notion and makes it easy to customize your VDR homepage. It can be coupled with other tools to speed up the deal process. It’s offered at a beginning cost of $39 per month.

https://autodataroom.com/working-from-home-and-virtual-data-rooms/