Many industries use data rooms software for due diligence and collaboration for mergers, acquisitions capital raise, legal disputes, and other business purposes. Certain companies are required to share their files due to legal reasons while others must comply with compliance regulations or store sensitive data in a secure location. Either way, they all need secure storage and document sharing solutions.

Your data room must have access to all platforms and devices, whether you’re working with clients, colleagues, or even partners. A reliable VDR will have support for multi-platforms and be compatible with a wide range of browsers. It should also include advanced search capabilities that can detect exact and partial matches within folders and documents. Look for features like two-factor authentication, audit logs and document version control as well.

You should be able to create custom groups that have pre-set permissions that meet the requirements of different users and projects. Some VDRs also allow users to create special View permissions to Excel documents. For instance the View Excel with formulas option allows the user to see the spreadsheet’s formulas while keeping other information from being secret. Other useful options include dynamic watermarking and security notifications, as well as clear and intuitive access hierarchy configuration.

For M&A deals, it’s vital that you have a robust task management system that is able to assign tasks to individuals while they’re still in the data room. The system should be able send reminders and status updates so that everyone is informed. In addition you should be able to incorporate your company’s branding and customize your workspace with themes, colors, and logos.

www.dataroomsspace.info/investor-deal-room-software-for-fast-analyzing/