A virtual data room (VDR) simplifies crucial complex transactions, as well as diligence processes for startups. However, with so many VDR providers to choose from, picking the most appropriate one requires careful analysis of key factors. These include security data, collaboration, analytics and cost. This article discusses the best options available to small-sized companies that are focused on secure data sharing and file sharing.
iDeals VDR is a security-first service that helps dealmakers share confidential files throughout the M&A cycle. The platform is backed by ISO 27001 certification and features two-factor authentication, session timeouts, location restrictions and granular permissions for users. The software also uses watermarking, view-only modes, and screen-blocking to deter document sharing that is not authorized. iDeals provides customizable NDAs as well as an integrated worksheet viewer and drag-and drop uploads.
In addition to safeguarding documents with access control that is granular and advanced reporting, iDeals offers a simple moololly.com intuitive interface that’s familiar to the CFO and accountants in the beginning. It also allows for customization to meet the company’s brand and needs.
Portalstack is a different option for startups. It provides a wide range of tools that can be used to enhance due diligence and M&A activities. Google Sheets is embedded, which allows companies to share financial models and cap-tables. It also supports electronic signatures, eliminating the requirement to integrate an eSignature service from a third party. Pricing starts at $39 per month, and includes unlimited e-signatures. This can help save a company money on administration and fees overhead. The free trial allows users to test the platform, experience virtual meetings with investors and learn how documents are organized before making an informed decision.