Data room service providers offer cloud-based solutions specifically designed to securely store and share confidential business documents and files. These platforms are often used for M&A due diligence, IPOs, and the management of lifecycles of real estate assets. They also facilitate business collaboration with customers, partners, and clients. The top VDRs have a wide range of advanced features, such as two-factor verification, granular control over access to eSignature, watermarking and inactivity timeouts. They also provide 24/7 customer service.
The data room’s e-signature feature eliminates the need to hold meetings offline and speeds up real estate transactions. In addition, the eSignature feature helps companies to adhere to GDPR guidelines by ensuring that only authorized personnel can access and edit documents. In addition, most VDRs have automatic redaction tools and a secure fence view that can restrict access to external users to specific documents.
Intralinks, the leading VDR in the M&A sector, provides a seamless experience and security that allows users to collaborate from any device, regardless of the location. Cloud-based platform allows rapid deployment with no infrastructure or hardware costs. The solution also provides security by utilizing the most current virus scanning system, data encryption and network firewalls. 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.