http://www.boardlockerroom.com/nonprofit-board-vs-staff-roles
A virtual data room is a secure online storage platform that lets businesses store, share and organize documents. It is ideal for due diligence, collaboration, and secure sharing sensitive business data. It also assists in increasing productivity and speeding up decision-making. The best data rooms are essential for a smoother M&A transaction, in addition to managing complicated processes like legal compliance and litigation.
The top VDR solution providers offer industry-leading security, which is essential for M&A transactions as well as easy to use user interfaces and collaborative features. They also provide unlimited storage of data. Users should also look for data rooms that provide a free trial, support and training.
iDeals, the leading virtual data room provider in the industry that offers a user-friendly and intuitive interface with secure file transfers and detailed reports. It is also a cost-effective alternative, with a variety of plans that can be customized and options for storage.
Watermarking, role based access and virus scanning are some of the advanced security features. It also offers secure eSignatures and protocol reporting tools for client contracts. The platform is also suitable for HIPAA compliant deals, an important aspect for biotech firms and pharma.
Another important virtual data room is CapLinked which comes with an extensive collection of security and data management features. It is perfect for M&A, asset sales, real estate transactions, and fundraising. The platform is easy to use and accessible on any device. It also supports different formats of files, as well as drag-and drop bulk uploads, as well as the ability to control access in granular ways.