Data room providers offer cloud solutions designed to protect confidential business files and documents. These platforms are used for M&A diligence, IPOs, and for managing real estate assets. They facilitate collaboration between clients, partners and customers. The best VDRs provide a broad range of advanced functions, such as two-factor authentication, granular access control, e-signature, watermarking and inactivity timeouts. They also provide 24/7 customer support.
The data room’s electronic signature feature helps to reduce the need for meetings offline and click for more speeds up real estate deals. The e-signature feature also helps companies comply with GDPR regulations, as it ensures that only authorized personnel can view and modify documents. Most VDRs also include automatic redaction, as well as secure fencing view to restrict access to certain documents from outside.
Intralinks, the leading VDR in the M&A sector, offers an unbeatable experience and security that allows users to collaborate from any device, regardless of location. Its cloud-based platform permits rapid deployment with no hardware or infrastructure costs. It also offers security by using up-to date virus scanning system, data encryption and firewalls for networks. Its features are robust, including the speed of uploading at 5MB per second, SmartLock that enables revoking access even after a file is downloaded, built-in redaction and DocuSign integration.