10 Best Virtual Data Room Software in 2020 – Reviews

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Are you looking for the best virtual data room software in 2020? Virtual data room (VDR) software today has become a need in so many ways. However, there are many people who even don’t know about it.

Virtual data room software provides businesses with great number of strategic benefits. One of such is the capability to secure storage and sharing of data. When it comes to virtual data room software, you have to bear in mind that the price tag doesn’t always reflect the quality of the software, nor does it tell you much about its capabilities. In fact, you are just as likely to find a virtual data room software in the low-end part of the price spectrum as you are to find a mediocre one towards the high end.

Of course, not everyone is sure which virtual data room software packages are the best and which ones are cheaply made. We put together a list of the ten best virtual data room software you can buy at the moment.

List of Top 10 Virtual Data Room Software for 2020 – Reviews

1. iDeals Virtual Data Room

iDeals is a modern and trusted virtual data room provider with headquarters in in New York. With iDeals users can share and collaborate on business-critical documents in a secure way. The solution allows you to upload data in any format, invite users with the permission-based role, collaborate seamlessly, control confidential data, and track faster with higher security. iDeals is one of the leading virtual room providers in the world and is used by thousands of investment bankers, lawyers and top managers of enterprises. Key features include Role-Based Permissions, Auditing, Data Protection, Data Storage Management, Due Diligence Management, Procurement Management, Project Management, and more.

2. ShareVault

ShareVault is a complete virtual data room provider which enables you to organize and share confidential. ShareVault enables user to create their branded data room including logo and custom URL with browser-based drag-and-drop publishing tools. ShareVault virtual data rooms provides multiple powerful features that give you control and document intelligence with the highest level of document protection and monitoring available. The solution is the preferred virtual data room for Fundraising, M&A, Licensing Asset Sales, and Board Collaboration. ShareVault is used by various organizations all over the world including investment bankers, law firms, VCs and accountants.

3. SecureDocs

SecureDocs is an advanced virtual data room software for short & long-term use. With SecureDocs you can easily save time and money. Based in Goleta, California SecureDocs offers built-in signature, audit trail reporting, dynamic watermarking, drag-and-drop uploads, document Tagging, due diligence management, and many other features that also maintain security. In addition SecureDocs empowers users to control their data with two-factor authentication, permission-based user roles, document watermarking & with customizable NDA. Pricing of SecureDocs is based on a monthly subscription, offering a free 14-day trial.

4. Clinked

Clinked is a cloud-based white-label client portal and collaboration tool. With Clinked you can get secure communication, collaboration, data protection, due diligence management, information sharing portals, customizable workspaces, unlimited projects & group. Clinked allows you to view files in any formats instantaneously without need for downloading. The software enables team to can easily improve their efficiency and work better to maximize their time. The user can work closely with their clients and build stronger business relationship with the platform.

5. Digify

Digify is a document security and virtual data room software. Digify is one of leading document security platform suitable for businesses of any size. The solution allows users to track the documents and user behavior, add customizable watermarks to the documents and close deal securely. It’s the best platform to control crucial business documents with ease. Digify aims to helping organizations keep control of the confidential business documents being shared with different stakeholders. Pricing of Digify is based on a monthly subscription basis, offering a free 14-day trial.

6. Projectfusion

Projectfusion is a cloud-based virtual data room solution where the user can manage 150+ document types with ease. Projectfusion allows you to control print, download rights and add dynamic watermarks. Projectfusion offers real-time reporting where the user can see everything. Projectfusion provides users with their own dedicated cloud capable of managing all data rooms and files securely. In addition, users can configure rules and workflows, record audit trails and generate real-time reports. Projectfusion is available for both iOS and Android devices.

7. dotloop

Dotloop is one of the best online transaction and productivity optimization software in real estate. Dotloop offers the robust virtual data room software feature to the real estate businesses where they can get collaboration, role-based permission, auditing, secure preview, document tagging and data storage management features. Dotloop lowers complexity by replacing separate form creation, e-sign, and transaction management systems with a single end-to-end software. Dotloop is used by agents, brokers, and clients all over the world. Pricing of dotloop is based on a monthly subscription basis and there is also a free trial.

8. Vitrium Security

Vitrium Security is a modern, simple document security and management solution for you and your business. Vitrium Security is one of the best enterprise content security & DRM software that enables creators and publishers to protect and control over video, document, and image content files for secure distribution. Vitrium Security easily protects and controls access to files. It empowers managers and team leaders to setup permissions for assigned users and view analytics on their use. Key features of Vitrium Security include Auditing, Collaboration, Data Protection, Permission-based User Roles, Document Watermarking, Data Storage Management, Document Tagging, and more.

9. Safelink Data Rooms

Safelink Data Rooms is an innovative virtual data room & client extranet solution for legal, financial and accounting services and government sectors. Safelink Data Rooms offers an easy-to-use interface, page-level reporting, data protection, document tagging, drag-and-drop features to upload and more powerful features for secure document editing and sharing. This software enables you to manage highly sensitive information with encryption technology. Safelink Data Rooms offers central space for storing all documents and users can securely share as per their needs.

10. EthosData Data Room

EthosData Data Room is a web-based virtual data room provider that simplifies your transactions and gets the deal done with easy. It enables users to share the deal faster and make the smarter decision. This software aims to helping users manage, plan and secure transaction-related information including Initial Public Offering (IPO) preparation tasks, M&A transactions and other fundraising activities. Therefore, organizations such as investment banks, private equity, venture capital and law firms trust EthosData Data Room. The platform is offered through monthly subscription.

We hope this article helped you find the best best virtual data room software. You may also want to see our top picks for the best resource management software and best workflow management software.