A top provider of VDR software provides a virtual data room that is safe and comfortable for all parties involved in transactions. It supports more than 25 file formats and gives you full control to keep your data confidential. The software offers 24/7 customer support and the opportunity to test it for free. It is recommended for medium and large businesses.

The software helps facilitate the due diligence process in M&A and loan syndications. It also allows the transfer of sensitive information between lawyers, banks as well as investors during private venture capital and equity deals. Trade secrets, intellectual property, medical records and other sensitive information can be safely stored in the virtual repository and shared with authorized partners and clients.

VDRs are available in a variety of different styles to meet the requirements of various industries. Some vendors specialize in tools specifically designed to support legal litigation, while others offer more general-purpose features and can be tailored to specific workflows with the use of templates.

It can be difficult to select the best VDR for your company. However it is imperative to think about your specific requirements and the type of transactions your company usually conducts. For instance, if you frequently email voting with board meeting software engage in M&A transactions, it is advisable to look for an entity that has a solid track record of supporting this kind of transaction.

One alternative to think about is FirmRoom, cloud-based VDR that is specialized in M&A due diligence and contract negotiation. It offers advanced notifications including visual analytics and audit trails, secure access, single sign-on and customizable permission controls. Another alternative is Box that streamlines M&A due diligence and other corporate transactions by streamlining communication and collaboration and allowing a variety of integrations.