Data rooms are a safe way for multiple parties to collaborate on critical files and share them securely. These virtual repositories are accessible via tablets, desktops as well as smartphones. To improve efficiency they can be incorporated into existing business systems, such as CRMs and project-management tools. Not all data rooms offer the same features. It is important to choose one that provides robust features, including the ability to tailor them to your specific needs.
One option is the idrShare online room. It comes with a simple interface that allows users to access to documents from any device. It has a number of features to simplify the due diligence process. This includes document watermarking as well as auto-indexing and document watermarking. It is able to track changes to documents and upload documents in large quantities. Two-factor verification and email alerts enhance its security.
Another option that is popular is Brainloop boardroom, which is a virtual meeting portal that comes with security that is enterprise-grade for sensitive information. It has a variety of collaboration tools, such as email notifications and a public announcements calendar and many more. It can also be easily customized to suit the specific requirements of companies in different sectors.
An alternative that is more comprehensive is Firmex which is an application that acts as a virtual data room that provides document sharing functionality to professionals who need to handle complex processes, such as due diligence. Firmex also has additional features that are advantageous for firms, such as a drag-and-drop file uploading facility and limitations on printing, viewing, and saving files.