How We Chose the Best Virtual Data Room Providers
Virtual data rooms are secure online repositories for storing and distributing documents typically used during financial transactions. They’re also used as ongoing document repositories, so businesses can organize critical business documents and control access. There are numerous virtual data room providers available with the latest features and services. We evaluated providers based on important features, integrations, and reporting tools.
We recommend virtual data rooms with important features like access controls, data storage management, and collaboration tools. Access controls include customizable permission settings that control who can download, edit, share, and/or print documents. Data storage management leverages a range of applications to efficiently archive, access, and manage the stored data. Collaboration tools include messaging features that enhance collaborative workflows.
The best virtual data rooms include pre-built integrations for tools frequently used with these platforms. Slack integrations are commonly included to streamline communication between users to facilitate team-oriented collaboration through messaging and file sharing.
Detailed reports help the user assess and improve their virtual data room practices. We recommend virtual data room providers that offer a range of reports, including reports sent to administrators that detail every activity that takes place inside the data room.