Data room software is the digital solution to facilitate business transactions. Whether for M&A, fundraising or due diligence, it enables authorized parties to securely exchange documents in a secure setting. It streamlines complicated processes and optimizes critical transaction outcomes.
The most effective data rooms support different formats and can be accessed via many different devices, including mobile phones. They offer granular permissions and can be tailored to match your project’s needs. They can convert uploaded files into secure PDFs to print or view without downloading any plugins. They also feature intelligent search that only shows one portion of the document to speed up searches and increase security.
To speed up due diligence, the data room can automatically index and organize files according to file type and date. This will enable users to find the information quickly and auditors can also analyze the results more efficiently.
With the help of robust document security tools to ensure conformance to industry standards such as ISO 27001 and GCP. This includes features like password protection, access control that is granular and audit trails. It is also important for the data room to provide multi-device support, integrated video and chat feature and the ability to integrate with other tools such as CRMs and ERPs.
Intralinks is highly reviewed by Capterra, and trusted by DuPont and Starbucks, as well as L’Oreal and L’Oreal. It provides an advanced platform which combines traditional VDR with artificial intelligence and automation for cross-project analytics. It also allows users to use a two-step user identification verification system that protects uploaded documents when they open and download. Besides, it can automatically add watermarks with the user’s name, IP address and the date of access.