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If you’re planning to choose a virtual information space for your business, you should look for one that offers a number of useful features. It should not only offer storage for files but also collaboration tools and support services. Make sure that the customer service is efficient and responsive. Find out if there’s live chat that lets you speak to a representative directly in real-time.

Deal rooms online are utilized by a variety of industries to facilitate smooth M&A deals and secure document sharing during due diligence. They can also be used to raise funds and facilitate collaboration.

You should also consider the security and encryption features of the virtual data room. Top providers offer a variety of security features to secure your files. They include virus scanning, granular settings fetch view and restrictions based on role. Some even offer two-step authentication to ensure that only authorised users are able to view your documents.

Moreover, you should pay attention to the server location of the service provider. This can impact the speed of collaboration as well as processing of your files. Finally the most reliable VDR should be able sync all your data in real time so that you can easily see changes. Firmex for instance, is a well-known and trusted virtual data room that has a more sophisticated interface that is easier to use. It also has a team of experts who are there to assist you 24/7.