A secure data room is a virtual platform used to share documents during due diligence for M&A deals. It is a fast and easy way buyers can review sensitive information without having go to the office of the seller.
The most typical use-case for an encrypted data room is M&A due diligence when buyers are required to look over a variety of confidential documents. Information like corporate contracts, board meetings and discussions with investment banks, as well as other sensitive data can be added. While free file sharing tools like Box and Google Drive can be convenient but they are not equipped with a range of security features needed for sharing sensitive business documents like audit trails and passwords.
When looking for a provider of a secure dataroom, be sure to look for security certificates and a full list of features. Make sure the provider has strong encryption methods, granular permissions for users as well as tracking of the activities of users and documents, 2FA, IP restrictions, and customizable reports.
Intralinks VDR, a leading virtual dataroom, blends functionality security, speed, and speed with an intuitive interface. The platform is designed to streamline workflows, simplify organization and control access. It is used for corporate events, such as M&A due diligence, by thousands of service providers. Its features include secure mobile apps, a user-friendly interface for all devices, document print and download using IRM security and a robust analytics section and a lot other. It is also highly customizable with customisable workspaces, and an integrated project portal that allows collaboration on large-scale projects.
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