www.todataroom.com/intralinks-data-room-review/
The best data rooms provide secure platforms for sharing confidential files as well as collaborate during mergers and purchases, due diligence, contracts negotiations, and many more. Cloud-based tools are available that support multiple file formats and include features such as the ability to grant users granular access rights, advanced search functionality and security certifications. They also offer mobile access. They can help M&A teams simplify workflows, eliminate the need for physical meetings, and reduce the amount of time wasted by document retrieval and misunderstandings over versioning.
Utilizing a virtual data room provider for M&A can also help to reduce security risks. Many VDRs include text recognition and oCR technology integrated, allowing users to convert scans into editable and searchable documents. Reporting capabilities let them track viewer activity. This makes it simple to keep track of who has viewed which documents and when. It also improves accountability and transparency.
In addition to the security features listed above, it’s important to choose a virtual data room provider that provides an easy and clean interface. Look for vendors who allow modification of the terms and conditions, the logo and overall appearance of the data room. Also, take into consideration the cost structure of the service. Certain VDRs have a monthly flat fee, while others offer per-storage or per-page pricing.
Datasite was founded as a division within the Donnelley Financial Solutions company, Datasite is a top VDR provider in the financial services, banking and investment banking industries. Its secure cloud platform is accessible on both Mac and Windows systems, and offers various security features such as multi-factor authentication, session timeouts, file-level permissions and granular viewer permissions.