You will require a virtual room (VDR) for conducting a deal which requires the secure exchange of documents. A quality VDR can streamline your processes and improve productivity by providing one reliable platform for sharing files and storing data. It should support multiple file formats, offer fast uploads and downloads, include Q&A functionality, and provide mobile access. A great VDR will also have robust security features, such as watermarking and permissions for documents that are granular.

Box Data Room is trusted and is used by over 95,000 companies. 68% of them are Fortune 500 companies. Its workflow tools are well-organized, simple deployment, and mobile app integrations are perfect for small or regular transactions. Some users claim that the system is difficult to use and has no advanced features.

Ipreo Prism Virtual Data Room provides a secure and safe platform for sharing information with key stakeholders and investors. Cloud technology enables quick implementation without the need for downloads or installation. Its granular reports allow participants to track official source their progress and gain insight. It supports multiple languages and provides a variety of file types including PDFs and PowerPoint Presentations.

RR Donnelley Venue Data Room provides a comprehensive suite of solutions for M&A buy and sell-side due diligence, corporate repository and procurement management. Its security includes access to files at rest encryption, and specific security controls for downloading and viewing files. It also offers a wide variety of collaboration tools, including chats and Q&A. Some users have complained that the interface was not as easy as they had hoped, and it was more expensive than other services.