What is Sterling data room
This provider is surprisingly humble. While others choose to brag about their awesomeness and ability to drive your business and projects to success, Sterling virtual data room software prefers to stay in the role of the best buddy of the business owner. Admitting that regardless of how good its technology can be, the main job is still done by a human. And the Sterling data room is just a tool that will make sure your information is safe and delivered to the right person.
“I’m using the Sterling data room in my company for due diligence, and I’m satisfied with the services. It’s been over a couple of years now since I’m using this provider, and I had some small issues with it. But the support team is very helpful. Specialists answered very quickly every time and were very informative. “
This software provider started its way as a financial printing company. So it will be fair to say that Sterling has worked with sensitive documents for quite a while — since 1988. During such a long period of time, the company hasn’t lost its dedication to data protection and secure file sharing.
Thus, the Sterling technology delivers best-in-class security across industries and businesses — and that, let us emphasize, in a very simple and rather minimalistic interface.
Sterling is so well-executed that even those clients who are not that good in technologies will understand how to interact with this software without any help. Still, if they ever need some assistance, the support team is always ready to step in and guide a user through the complex deals.
Current customers of the vendor are extremely satisfied with the level of help Sterling offers, saying that it is the best experience they had working with support teams.
In this virtual data room solution, you will find all the tools a modern business might need for all types of transactions. Here you can exchange documents, set up user access, prepare a Q&A section for partners and clients, get insights through reports, get support from professionals, and much more.
Sterling virtual data room software features
The Sterling platform offers a nice, simple, and convenient data room that will help you manage and protect your documents, create a streamlined workflow, and enhance your productivity.
It doesn’t have any over-the-top functionality if we compare Sterling virtual data rooms with other services in the market. Yet, it has everything a business needs for data management and collaboration. So if you need some minimalistic technology solution — this provider is the right choice.
This software doesn’t require any installation or plug-ins. That’s why you can set up your virtual data room in no time. Sterling technology is compatible with all browsers and, therefore, can be accessed from any gadget at any moment.
The interface can be displayed in multiple languages for user convenience.
You can upload all the documents using a simple drag-n-drop feature. If you have a hierarchy of folders already established on your computer — it will remain the same in your virtual data rooms. Sterling data rooms support all the file types so that you don’t have to worry about it.
If you have a particular document in your email inbox, you can send them straight to the storage. Sterling makes data upload and organization as simple as it can get.
Once all your documents are in the Sterling data room and organized neatly, you can jump to inviting all the team members to the workspace. As an administrator, you can set permissions for one item as well as for the group of documents and files.
Also, you can create a group of users and set different permissions for them. And if you need to create another group with the same settings as an existing one already has, you can just copy and paste custom preferences.
Ease of use
Invited users will not feel overwhelmed by this instrument. Sterling functions are very simple to use and the data rooms offer an intuitive interface that doesn’t require any training. Members of the team can quickly figure out what the document is about by its thumbnail. Also, they can search the files by full text.
Users can add certain documents to favorites for rapid access and filter the view of the repository by recently uploaded or unopened files. Finally, they can download documents in bulk, if they are authorized to do that, of course.
The Q&A section the Sterling data room offers is very straightforward and easy to use. The administrator can upload all the questions and answers from the Excel file.
Also, required experts can be allocated to certain categories and questions to make sure third-parties get correct answers as quickly as possible. It is also possible to customize the approval process for questions and answers.
Sterling technology provides companies with detailed and informative reports on the deals. The administrator can get an individual report on each user — what actions they took in the data room, when, and for how long. It helps reinforce your security in and out of the office.
All the reports can be presented as graphs to view online. And if you want to download them, you can convert them to Excel. Sterling offers a default dashboard, but you can create a custom one.
Even though Sterling data rooms are simple enough even for the least tech-savvy people to understand, the vendor offers training to all the clients. Also, the support will assist team members with any task they need to perform within the data room.
Professionals are available 24/7 and are multilingual. So if you can’t speak English, it’s okay — the Sterling support team can speak your language.
Sterling virtual data rooms use cases
Since these virtual data rooms are easily managed and cover all the most necessary features for smooth deal-making and security, they found a wide application in various industries around the world:
- Investment banking
- Real estate
- Private equity
- Energy and infrastructure
As for the deals, businesses choose Sterling technology for:
- Mergers and acquisitions
- Due diligence
- Auditor review
- Board reporting
Sterling virtual data room pricing
The provider doesn’t disclose any details about its tariff plans or the cost of its services on the official website. However, it is known that pricing depends on the project duration and the amount of data you need to store.
If you want more details about costs, features, and a potential additional fee for any service, you can request all this through the website.