Data Room Software
Data room software, as its name implies, is designed to save documents that are confidential and used in business transactions. Information is often valuable and needs to be protected from rivals. To this end, the most trusted vendors in this area offer features such as multi-factor authentication, granular user permissions and advanced IRM to guard the information from unauthorized use. They also provide features such as mobile device management, security for users impersonation and activity tracking that track users’ activities.
The best virtual datarooms are designed to support business-critical processes and are optimized for a variety of platforms and devices, such as tablets and desktops. They are able to seamlessly integrate with other applications like chat and email. They are available in cloud, on-premises and hybrid deployment models to accommodate various workflows. The software is easy to install and is designed to simplify processes, making it suitable for small and midsize businesses who want both functionality and simplicity.
Some of the most highly rated data rooms are Intralinks Virtual Data Room, iDeals Solutions and Datasite. They provide a variety of business-critical features that are suitable for M&A transactions or capital market transactions as well as due diligence, in addition to other transactions that require strategic planning. Intralinks helps dealmaking efficiency with a digital platform which provides high-risk storage, file-level security and centralized administration controls, and easier access via an effective IRM. It also includes a 24/7 multilingual support line as well as pre-configured templates for solutions and an intralinks design tool to help accelerate project start ups and implementation of best practices.
