A secure dataroom like this is a virtual platform that lets files be shared during due diligence during due diligence M&A transactions. It allows buyers to quickly and conveniently review confidential information without having to visit the offices of the seller.
The most frequent use case for the secure data room is M&A due diligence where buyers are required to go through a vast array of confidential documents. Information such as corporate contracts, board meetings and discussions with investment banks, as well as other sensitive information can be stored in. While free file-sharing software like Box or Google Drive is convenient, it lacks many security features needed when sharing sensitive files such as passwords and audit trail.
When evaluating a secure and safe data room, you should look for security certifications as well as a broad set of features. Be sure that the software is secure and has encryption methods that are strong with granular access rights for users monitoring of document and user activities 2FA, IP restrictions, and customizable reports.
Intralinks VDR is a renowned virtual data room that offers functionality speed, security, and speed with a user-friendly interface. The platform simplifies workflows, streamlines organizing and controls access. It is a preferred choice for corporate events, such as M&A due-diligence, by thousands of service providers. Its features include secure mobile apps, an easy-to-use interface for all devices, document print and download that is protected by IRM, a powerful analytics section and many other. It is also highly customizable, with customizable workspaces and an integrated project portal to facilitate collaboration on large-scale projects.