Startups can speed up complex transactions and improve their diligence by using a virtual room for data. With a myriad of VDR providers to choose from, picking the most appropriate one requires careful consideration of the most important factors. These include security and collaboration, analytics, and cost. This article will discuss the most effective options for small businesses that value secure data sharing as well as file sharing.
iDeals VDR is a security-first service that helps dealmakers share confidential files throughout the M&A cycle. The platform is backed by ISO 27001 certification and features two-factor authentication as well as session timeouts, location restrictions, and granular user permissions. The software also features watermarking, view-only modes and screenshot blocking to prevent unauthorized document sharing. iDeals also provides customizable NDAs with an integrated spreadsheet viewer and drag-and-drop uploads.
iDeals not only offers advanced reporting and granular access control it also has an intuitive and easy-to-use interface that is familiar to the CFO and the entry-level accountant. It also lets you customize it to match a company’s brand and needs.
Another great alternative for startups is Portalstack, which provides several tools that can help enhance due diligence and M&A activities. This includes integrated Google Sheets, which lets companies easily share financial models and cap tables. It also supports electronic signatures which eliminates the need to integrate an e-signature software from a third party. The price is $39 per month and includes unlimited electronic signatures. This can save businesses money on administrative overhead and fees. Portalstack’s free trial offers users the chance to try out with the platform, simulate meeting with investors in a pitch, and learn how to organize documents prior to signing a contract.