When choosing the right VDR service, be looking for one that comes with solid security protocols, extensive control over access and two-factor authentication. Also, ensure that it has a built-in document viewer that can handle multiple file formats and a search feature that utilizes metadata to help organize documents. A good service should have user activity monitoring capabilities to monitor uploads, downloads, as well as changes. This information is essential for M&A deals and other large-scale, multi-file projects.
Startups typically wear many hats and don’t have the time to master complicated platforms or outdated interfaces. It’s important to choose a VDR that has a low learning curve, and with 24/7 support. Then, you can focus on your business rather than worrying about technical issues.
IDeals VDR is a secure virtual data space that is widely utilized in M&A deals as well as due diligence. It has offices in more than 12 countries and offers fast installation and a friendly user interface. However it’s not as user-friendly as some of its autodataroom.com competitors.
Portalstack is another alternative to Portalstack for M&A. Its premium plan comes with unlimited e-signatures, and it allows you to integrate Google Sheets so that you can easily share financial models and cap tables. Its Notion editor makes it simple to customize the VDR homepage. It can be combined with other tools to speed up the process of making deals. It is offered at $39 per month for a start-up cost.