Online data rooms are used by different industries to serve different purposes. Some require more advanced features than others. Particular tools are required by those dealing with sensitive and confidential information. These companies can also benefit from an interface that is multilingual and the ability to work with documents without the use of a desktop application.
Legal firms, banks and other financial institutions, such as are surrounded by confidential documents they have to share. They can gain from using a virtual dataroom solution that lets them access files at any time and safeguards information with multiple layers of security. They can accelerate due diligence and M&A deals through a virtual data room.
The best virtual data rooms are protected by top-notch security certifications and offer advanced features that traditional physical data rooms can’t. For instance, they can redact vital areas of files so that personally-identifiable information stays private or prevent screenshotting with a fence view. They can also offer features that allow users to manage and move documents, for instance drag-and-drop file uploading or high-quality previews of more than 30 different file types. Some even provide a central activity log that can help improve transparency and accountability for the team.
Brainloop Secure Documentroom is one of the best data rooms that are available. It’s an VDR that is ideal for M&A, due diligence and project management. It is a cloud-based, encrypted from end to end platform that allows you to work on a single folder or multiple folders with ease. Its proprietary blob-storage technology as well as AI powered indexing makes it the fastest digital data rooms available on the market. Its customizable watermarks, audit logs, and other features ensure compliance with the regulatory requirements.