When deciding on the best software for a data room, pick vendors that provide a wide range of functionalities. They should be able to provide comprehensive information on user activity within the virtual data room. Additionally, they should be able to generate audit trails that increase transparency and accountability. Other features worth considering are customizable watermarks and email notifications, granular permissions two factor authentication for document export and print control, and access rights for granular users.
Firmex provides a unified virtual data room that is used by enterprises with information-dependent operations to accelerate due diligence processes, facilitate collaboration, and streamline the document management workflow. The platform is designed to work with an array of industries that include technology, life science, legal firms and investment banks.
iDeals Virtual Data Room has many options that include secure document sharing, security presentations, revoked access and customizable watermarks. It is simple to use and offers an extensive range of integration options, including Box, Google Drive, Dropbox and Salesforce. The vendor gives a free 30-day trial.
Kiteworks is a secure electronic data room that facilitates multi-organizational processes such as M&A and fundraising. More than 3,800 organizations trust it including IT, security and compliance executives. The tool safeguards sensitive information from being exposed inadvertently or accidentally, with a powerful encryption and access controls that are based on the need-to-know. The tool lets administrators monitor document and user activity through informative insights dashboards.