The right VDR can boost due diligence and M&A successes, boost transaction value, and also allow secure files sharing for any project that requires collaboration. Choosing the best vendor will depend on how big the project is and how long it will take as well as what level of security is required.

The best VDRs will have an intuitive interface and many features to protect sensitive information. They will let you manage access by location or roles, establish multiple levels informative post about VDR provider of security and track the activity of documents. They will also have support centers and help desks to ensure the best user experience. They will also offer a wide range of supported document formats, including Microsoft Word and PowerPoint, as well as a drag-and-drop function.

iDeals VDR is a user-friendly virtual data room that features an adaptable, multilingual interface and mobile applications. It is equipped with advanced security features such as two-factor authentication secure spreadsheet viewing, as well as mobile apps. Its strong, independent certifications of multiple controls for processes, applications infrastructure, people and processes ensure the highest security for all users. However, it’s more expensive than other vendors with plans starting at $460 per month for a base package.

Other vendors include Donnelley VDR, which is cloud-based and specializes in M&A transactions. The platform has an intuitive interface that allows for easy collaboration and supports multiple languages, allowing global teams to work seamlessly. It has sophisticated security and compliance features and its creator is highly regarded. However, some users have reported that the program can be slow and sometimes not responsive.