A virtual data room (VDR) streamlines critical complex transactions and diligence processes for startups. But with many VDR providers to choose from, picking the most suitable one requires careful evaluation of the key elements. These include collaboration and security, analytics and cost. This article reviews the best options available to small-sized businesses that value secure data sharing and file sharing.

iDeals VDR is a security-first service that lets dealmakers share confidential documents throughout the M&A cycle. The platform is ISO 27001 certified and includes two-factor authentication, as well as restrictions on location. It also includes sessions that have timeouts as well as granular permissions for users. The software employs watermarking and view-only modes to prevent document sharing that is not authorized. iDeals also offers customizable NDAs, an integrated spreadsheet viewer and drag-and-drop uploads.

In addition to safeguarding documents with granular access control and advanced reporting, iDeals offers a simple and intuitive interface that’s familiar to the CFO as well as an accountants who are just starting out. It can be tailored to meet the branding of a startup and requirements.

Portalstack is a great alternative for startups. It has a range of tools that can be utilized to enhance due diligence or M&A activities. It includes integrated Google Sheets, which lets companies easily share financial models and cap tables. It also supports e-signatures which eliminates the https://moololly.com/firmex-virtual-data-room-software/ need to integrate an e-signature service from a third party. The price starts at $39 per month and includes unlimited electronic signatures, which could save a business money on administrative costs and fees. The free trial gives users the chance to test the platform, simulate meetings with investors and learn how documents are organized prior to making the final decision.