Startups can streamline complex processes and ensure diligence by using a virtual data room. There are many VDR providers, so selecting the best one requires careful consideration of key elements. These include security, collaboration, analytics, and cost. This article outlines some VDR provider of the most effective options for small businesses who prioritize secure data sharing and file sharing.
iDeals VDR is a security-first service that lets dealmakers share confidential documents throughout the M&A cycle. The platform is supported by ISO 27001 certification and features two-factor authentication sessions, session timeouts, geographical restrictions, and granular user permissions. The software also supports watermarking, view-only modes and screenshot blocking to prevent document sharing that is not authorized. iDeals provides customizable NDAs as well as an integrated worksheet viewer and drag-and drop uploads.
In addition to safeguarding documents with access control that is granular and advanced reporting, iDeals offers a simple, intuitive interface that’s equally familiar to the CFO and accountants at the entry level. It also allows customization to fit with a startup’s brand identity and needs.
Another good alternative for startups is Portalstack which provides various tools to improve due diligence and M&A activities. Google Sheets is embedded, which allows companies to share financial models and cap-tables. It also supports electronic signatures which eliminates the need to integrate an e-signature software from a third party. Pricing starts at $39 per month and includes unlimited e-signatures, which could help save a business money on administrative and fees overhead. Portalstack’s trial offer gives users the opportunity to play with the platform, experience meetings with investors and learn to organize documents before committing to.
