www.vdrhub.org/flexibility-with-virtual-board-room/
Virtual deal rooms have revolutionized the business document flow by allowing businesses to collaborate and share sensitive documents without having to wait for hard copies or worry about the files being lost in the mail. They’re also much more secure than the standard file-sharing software applications. They can restrict data downloads and even disable screenshots. These safeguards eliminate the possibility of data leaks that are common in physical meetings.
A top VDR will feature a simple interface that is easy to use. It should also be mobile-friendly and provide 24/7 assistance. It should be a secure system which uses secure 256-bit SSL and AES encryption. It will also have the ability to track who’s accessed which documents and when. In addition, it will provide the ability to set permissions for each individual user.
Some of the most reputable VDR providers include CloudSuiteDirect, Fordata, and iDeals. CloudSuiteDirect is a good choice for small — to medium-sized companies that need a simple and affordable online document repository solution. It’s simple to use and comes with unlimited storage and comes with a no-cost trial. It is also compatible with the majority of operating systems.
Fordata is commonly used by law firms, advisory companies, and investment boutiques. It helps manage the confidential communication and documents between transaction parties with individual protection of files and AES256 Encryption to prevent security breaches. It also allows you to control user access with a customizable workflow and provides two-factor authentication for increased security. It is ideal for M&A as well as contract negotiations, capital markets and M&A.