A virtual data room (VDR) streamlines critical complicated transactions and diligence processes for startups. There are a variety of VDR providers, so picking the best one is a careful evaluation of the key aspects. These include security and collaboration, analytics, and cost. This article will discuss the most effective options for small businesses who are concerned about secure data sharing and file sharing.
iDeals VDR is a security-first service that helps dealmakers share confidential documents throughout the M&A cycle. The platform is backed by ISO 27001 certification and features two-factor authentication and session timeouts as well as location restrictions and granular user permissions. The software also uses watermarking, view only modes, and screenshot blocking to discourage the sharing of documents that are not authorized. iDeals also comes with customizable NDAs, an integrated spreadsheet viewer, and drag-and-drop uploads.
In addition to securing documents with access control that is granular and advanced reporting, iDeals offers a simple intuitive interface that’s familiar to the CFO as well as an accountants at the entry level. It can be customized to fit a startup’s style and requirements.
Another great option for startups is Portalstack which provides various tools to help improve due diligence and M&A activities. Google Sheets is embedded, allowing companies to easily share financial models and cap-tables. It also supports electronic signatures, which eliminates the need to integrate a third party eSignature solution. The cost starts at $39 for a month and includes unlimited electronic signatures, which can save businesses money on administrative overhead and charges. The trial offer allows users to try out the platform, experience virtual meetings with investors and learn how documents are organized prior to making the decision.