Virtual Data Rooms offer a safe and secure environment to exchange sensitive information between business stakeholders. They are used in a range of processes including M&A and litigation, as well as compliance and due diligence. The selection of the ideal VDR provider is a complex task that requires careful evaluation of a variety of aspects. A few of these are cost, functionality and the capability to comply with specific industry standards. In addition, the provider must be able offer additional services that can reduce costs and streamline processes.
A reliable VDR should have a good rating for customer satisfaction and provide clients with multiple options to communicate with the support staff. These channels should be accessible 24/7 and include email, telephone, and live chat. The support team should be knowledgeable and capable of answering questions quickly and efficiently. Furthermore, the company should offer instruction to help users comprehend the platform and its functions.
When choosing a virtual deal room, it is crucial to decide what kind of document management features you require. Depending on your organization’s size, you may require various features or a more basic set of functions. In addition, you need to think about whether your company is in search of a cloud-based or on-premise solution.
Intralinks offers a cloud-based secure solution that is easy-to-implement and provides unlimited storage. The security measures provided by the company are impressive, featuring multiple layers of protection to keep sensitive data secure including physical security, continuous backup of data with an uptime of 99.9% two-step authentication, and an approach that is multi-faceted to online file security, which includes encryption methods, dynamic watermarks and document control and DRM.