The kind of project or business process will determine the most suitable virtual data room service. Top-rated solutions facilitate collaboration between partners and permit file sharing across a variety of platforms, and support a wide range of document formats. A great VDR should also offer specific reporting features as well as data security. It should be simple to use for both the CFO and entry-level accountant. It could also have an option to charge per-user, per-page, as per-user, per-storage or per-page.
Law firms and legal service companies require a secure solution for virtual data rooms that is compliant to strict regulations, enables easy collaboration between attorneys and clients, and offers a secure platform to store and share sensitive data. They must be able to monitor document and user activity and create custom permissions and access reports on data usage.
Investment banks require a virtual dataroom solution that simplifies collaboration between teams and offers secure platforms for high stakes transactions. They must be able to manage due diligence, present targets to investors, and assist with post-transaction integration.
FirmRoom is among the most recent players in the VDR market, however they are already gaining popularity with customers such as Pfizer and Baird. It has a sleek modern and contemporary design, and an intuitive interface that makes it easy to use. It comes with a range of features to meet different requirements, such as security measures such as fence view and remote wiping.
