Data room solutions are software-based platforms that are used to streamline and support M&A due-diligence. They enable companies to communicate confidential documents and conduct Q&A rounds in a secure environment. This allows M&A professionals to speed the process of closing while ensuring regulatory compliance. These solutions offer document storage, management, and analytics features that help to reduce M&A due-diligence timeframes and improve the quality of information.
The top VDRs have a simple, intuitive configuration that allows users to customize the appearance, feel and functions to meet their preferences. Firmex for instance, provides an adaptable interface that seamlessly integrates with a company’s existing IT systems and business workflows. Its platform offers a variety pricing models which are based on project size and scope for storage, such as per-storage or per-page.
Startups typically don’t have the luxury of spending lots of time acquiring complex platforms or navigating clunky interfaces. They require a solution that can be ready to go in a short time, has a minimal learning curve for users who are new, and provides 24/7 customer support. Sharevault meets this requirement with its cloud-based virtual data room with bank-grade security and an easy-to-use interface that can be branded to match the look and appearance of the company’s online tools and resources.
Its integrations with Asana and Microsoft Excel enable users to connect tasks from the former with documents in the latter making it easier for teams to track and manage collaboration activities. It also comes with an integrated redaction feature that can automate the process of removing sensitive information from uploaded documents. Its user-friendly and intuitive interface reduces the chance of making mistakes and allows users to navigate through documents quickly.