When choosing a virtual data room, you should be aware of what functions you’d like your online repository to offer. It is also essential to consider how you’ll utilize the virtual data room to determine if costly and advanced features are needed. It is also important to look at the appearance of the interface and the ease of use it provides. Before you make any final decisions test the system and talk to a member of the support staff.

A well-known choice is FirmRoom, which is best known for its M&A solutions for project management, but can be beneficial in a number of different industries. The company offers standard VDR features like drag and drop as well as the ability to grant user permissions at a granular level, while providing security perks such as dynamic watermarks as well as audit trails mobile device management, and lock-down files. They also integrate with other applications such as Salesforce or Slack to allow for easy collaboration.

iDeals is another option which has a user-friendly interface and has the standard VDR functionality. The reviews of their clients indicate that they do not have the most robust features for access control, such as multi-factor authentication and granular permissions. Some of their users have commented on iDeals slowness and issues with Excel files that contain macros.

Datasite is an alternative. It is renowned for its M&A diligence capabilities but it can be utilized to handle other processes like IPOs and disposals. Datasite simplifies these processes by allowing for custom deal workflows, AI and document presentation features. They also offer standard features for managing documents like the secure fence view and dynamic watermarks.