The best data room software is an online, secure repository for teams to work together and share documents. These programs are extremely beneficial for a variety of business operations and transactions, including due diligence or e-commerce, mergers, acquisitions, fundraising and real estate, asset sales, and many more. They can also be used by freelancers and small-scale businesses. Nevertheless, these tools differ in terms of features, price, support, industry niche and many other factors. So, it’s crucial to select the best one for your business needs. To help you, we analyzed the top 20 software options for data rooms on the market today and identified their most important characteristics.

iDeals Virtual Data Room

iDeals Virtual Data Room is an effective virtual room that lets users upload documents in bulk and track the activities of their documents easily. Its reporting capabilities enable users to gain a deeper understanding into the operation of the platform, and increase transparency and accountability. It is also an ideal fit for SMEs because it does not require plugins and can be easily installed in less than 15 minutes.

iDeals VDR also comes with an access control system that is granular that lets admins set viewing, editing and downloading permissions to various groups or individuals. It also supports a variety of file formats and has a user-friendly interface for employees who aren’t technical. This feature makes iDeals VDR a good choice for SMEs as well as large enterprises. The program’s security is backed by two-factor authentication, IP and time access restrictions, dynamic watermarking and audit trails.