Does your organization require the protection and automation of your business documents? Look no further; a virtual data room seems to be an ideal option for providing maximum security to your business data and automating your document management system.
Today businesses of all sizes are now resorting to data room software. That’s because virtual data rooms take business communication and decision-making to a whole new level.
Nonetheless, there are several novices to such online data room software. This virtual data room services review can be very helpful for you to choose the best virtual data room services for your business.
What is a Virtual Data Room?
Virtual data rooms are a lot like a “hall of records” that enables companies to store stockpiles of documents. Now, with data room software, you can access business documents 24/7 from any location and any device.
A virtual data room is a secure online repository where organizations can store and share essential business information. Online data room offers a complete suite of digital tools, including watermarks, Q&A tools, bookmarks, end-to-end encryption, annotation tools, etc.
What to consider when choosing a virtual data room service?
Don’t know what goes into the quest of choosing the best virtual data room service for your organization? Fret not, here’s what good online data room software should have.
Document Management Tools
Make sure to invest in a digital tool that offers a dedicated document management center. For example, a good virtual data room should offer convenient features, including search tools, automated indexing, bulk uploading, and drop-n-drag upload.
Communication is what enhances work engagement and keeps everyone on the same page. Hence, it’s imperative to pick data room software that offers communication tools. With this feature, organizations can discuss essential aspects of the meetings with remote users.
Do you wish to keep a check and balance that, on average, how much time does one spend on business data files or at which files clicks were made the most? You can do all of this and a lot more using online data room software.
Apart from these, robust security features, customer support, and reporting tools are some of the features offered by the digital solution.
Top Virtual Data Room Services 2023
Choosing the top virtual data room services is the most challenging aspect, especially when several vendors are out there in the market.
Below is a comprehensive review of some of the top online data room software providers that help you analyze what features each service provides and plenty more.
It is one of the most trusted and sophisticated online data room software providers. That’s because iDeals is the result-oriented and flexible digital solution that always listens to its customers and offers them a secured online platform to achieve their strategic goals.
- Drop-n-drop functionality
- A wide range of customizable and collaboration tools
- Bulk upload facility
- Multilingual interface
Availability: iPad, Android, iPhone, Windows Phone, Mac, Linux, Windows
Are you looking for a virtual data service provider that offers the robust features a business needs to carry out the due diligence process? Intralinks can be the answer to your company’s woes.
Plus, the digital solution also provides advanced features, like analyzing and managing data files using artificial intelligence.
- Analytic tools
- Intuitive interface
- Drag-and-drop facility
- Auto population feature
- Multilingual support
Availability: Mac, Windows, iPhone, Android, iPad
Ansarada is an artificial intelligence-powered software-as-a-service platform that has everything businesses need to conduct a successful and hassle-free deal-making process.
Also, if you are seeking a platform with advanced security tools, such as settings for saving and printing, safety checks, and watermarking — Ansarada might be what you need.
- You can easily integrate with Dropbox and Google Drive
- Strong reporting functionality
- Collaboration features
- Governance, risk, and compliance features
Availability: Mac, Windows
Digify provides a user-friendly platform that caters to the needs of all, including small to medium-sized businesses. Also, it offers top-tier document management features and customization tools that add a personal touch to your VDR interface.
The biggest plus, its Gmail extension can help you keep track of email attachments.
- Offers real-time notifications for document activities
- Robust security tools like watermarking, print and download permissions, admin control, etc.
- Supports a wide range of file formats
- Team-wide file statistics
Availability: Android, Linux, Mac, Windows, iPad, iPhone
SecureDocs provides a digital solution that is accessible on all platforms, making it one of the easiest and safest options for even individual users.
Also, the platform comes equipped with features, including a built-in electronic signature, two-factor authentication, etc.
What’s more, SecureDocs also offers a free demo and one-week trial so sizable businesses can test out their skills.
- Advanced security tools
- Customizable non-disclosure agreement tools
- Annotation tools
- Reporting tools
Availability: Mac, Windows Phone, Windows, Android, iPhone, iPad
With that, Brainloop, Merril Datasite, Citrix, Drooms, etc., are some of the top-notch virtual data room service providers that you can give a try.
Nonetheless, to compare online data room software providers, you must consider what it is that you are seeking. Once you know what features you want, it will be easier to pick a solution that best suits your business needs.