The most effective online data room software provides security along with convenience and collaboration all in one platform. It doesn’t matter if you’re raising money for a startup, securing board comms or looking for feedback on a pitch–online data rooms are a powerful tool that can be used for a variety of purposes.
VDR providers come in all shapes and sizes and vary in terms of pricing, ease of use and customer support as well as the features they provide. Some are designed to be used for M&A due-diligence, whereas others are focused on specific industries and provide various features that are suitable for a variety of projects.
Traditional VDRs have been around for a long time and were initially designed for the M&A process which requires massive documents and data sharing. These VDRs tend to be expensive and come with a variety of features, depending on their pricing strategy and the capacity of storage they offer.
FileCloud VDR is a cloud-based solution that offers an initial trial for free and flexible pricing models. Its features include granular sharing and virus-scans along with auto-indexing and digital watermarking help secure files, and allows collaborative project work. It also includes a proprietary file scanner engine that blocks ransomware and a remote mobile application wipe.
Citrix ShareFile VDR is a cloud-based solution that gives you a 30 day free trial, as well as flexible pricing models, as well as desktop and mobile apps that allows for easy access. It has a robust set of features that include multi-factor authentication and granular user permissions for file auditing, e-signature document management, and Q&A flow. It also comes with a powerful search feature integrated redaction as well as DocuSign integration.