Data room software is the digital solution to facilitate business transactions. It permits authorized parties to securely exchange documents in a secured and secure environment, be it for M&A or fundraising, or to perform due diligence. It also simplifies complex procedures and maximizes the outcome of crucial transactions.
The most effective data room supports multiple file formats, and is accessible from a variety devices including mobile phones. They permit granular permissions and can be tailored to match your project’s needs. They can also convert uploaded files into an encrypted PDF to print or view without downloading any plugins. They also come with intelligent search, which shows an incredibly small portion of the document before you open it to enhance security and speed up searches.
To simplify due diligence to make due diligence easier, the data room can automatically index and categorize files according to file type and date. This will help users find the information quickly, and auditors to also review the results more quickly.
Be sure to comply with various industry standards like ISO 27001, GCP and HIPAA with robust security tools for documents. This includes features VDR management like password protection, access control that is granular and audit trail. Furthermore, it is essential for the data room to provide multi-device support, integrated video call and chat function and the capability to integrate with other solutions such as CRMs and ERPs.
Highly reviewed by Capterra and backed by DuPont, Starbucks and L’Oreal, Intralinks offers an advanced platform that combines traditional VDR features with artificial intelligence and automation tools to provide cross-project analysis and activity tracking. Moreover, it allows you to utilize a 2-step identity verification system for users and encrypts all uploaded documents on open and download. It also allows you to automatically add watermarks that include the user’s IP address and name, as well as the date of access to the document.