The best online data rooms offer security, convenience and collaborative capabilities in one platform. Online data rooms can be used for a variety of reasons, such as fundraising for an early stage company board communications, feedback on an presentation.
VDR providers come in all shapes and sizes and are able to differ in terms of pricing and user-friendliness and customer support as well as the features they offer. Some are designed specifically for M&A due diligence, others are focused on the requirements of specific industries and offer a wide range of features that allow them to be used for diverse projects.
Traditional VDRs have a long history and were originally designed to aid in the M&A process which requires massive documents and data sharing. These VDRs are typically costly and have a range of features, depending on their pricing strategy and the capacity of their storage.
FileCloud VDR is cloud-based software that comes with a free trial and flexible pricing models. Its granular sharing features, virus-scan digital watermarking, auto-indexing, e-signature and reports help secure files and enable collaboration on projects. It also includes remote wipe of mobile apps and a unique file scanning engine that blocks ransomware.
Citrix ShareFile is a cloud-based solution that comes with a 30-day trial that allows for a flexible pricing model and an application for desktop or mobile devices that makes it simple to access. It has a robust set of features, including multi-factor authentication and granular user permissions for file auditing, esignature, document management and Q&A flow. It also includes a powerful search function that includes redaction, as well as DocuSign Integration.
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