Data room service providers offer a cloud-based platform specifically created to securely store and share confidential business documents and files. These platforms are used for M&A diligence, IPOs, and real estate asset management. They also facilitate business collaboration with customers, partners and clients. The top VDRs provide a broad range of advanced features like two-factor authentication, granular access controls including e-signature, 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 deals. In addition, the e-signature feature assists companies in adhering to GDPR regulations by making sure that only authorized employees have access to view and edit documents. Besides, most VDRs have automatic redaction tools and a secure fence view that can limit external access to specific documents.
The leading VDR provider in the M&A space, Intralinks offers a seamless and secure experience that lets users collaborate effortlessly on all devices regardless of where they are located. Cloud-based platform enables rapid deployment with no the expense of infrastructure or hardware. The solution is also secured with antivirus and data encryption as well as firewalls. Its features are robust, including speeds of uploading up to 5MB per sec, SmartLock, which allows access to be blocked even after the document has been downloaded and DocuSign Integration.
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