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Startups can simplify complex transactions and diligence with the help of a virtual data room. There are a variety of VDR providers, so deciding the best one requires careful consideration of important factors. These include security as well as collaboration, analytics and price. This article will discuss the best options available to small businesses that prioritize secure data sharing and file sharing.

iDeals VDR, a service that puts security first, helps dealmakers to share confidential files during the M&A process. The platform is supported by ISO 27001 certification and features two-factor authentication, session timeouts, location restrictions and granular user permissions. The software also features watermarking, view only modes, and screenshot blocking to prevent the sharing of documents that are not authorized. iDeals also comes with customizable NDAs as well as a built-in spreadsheet viewer, and drag-and-drop uploads.

iDeals description post about how to perform an effective virtual data room review does not just provide advanced reporting and granular access control, but also a simple and intuitive interface that is familiar to the CFO as well as the entry level accountant. It also allows for customization to fit with a startup’s branding and specific needs.

Another good alternative for startups is Portalstack, which provides several tools to help 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, eliminating the requirement to integrate an eSignature software from a third party. The price starts at $39 for a month and includes unlimited electronic signatures. This can save businesses money on administrative overhead and fees. Portalstack’s free trial gives users the opportunity to test using the platform, practice pitch meetings with investors, and learn to arrange documents prior to committing.