Data room software is a digital solution that facilitates business transactions. Be it for M&A, fundraising or due diligence, it permits authorized parties to exchange documents securely in a secure environment. It also makes complex procedures easier and enhances the outcomes of important transactions.

The best data room can support multiple file formats and can be accessed via a variety devices including mobile phones. They can be tailored in accordance with the requirements of your project and permit granular permissions. They can convert uploaded files into a secure PDF for viewing and printing without downloading any plugins. They also come with intelligent search, which shows a small snippet of the document prior to you open it to enhance security and speed up searches.

To simplify due diligence, the data room can automatically index and categorize documents by type and date. This will allow users to find the information quickly and auditors to be able to review the results more quickly.

Ensure compliance with various industry standards such as ISO 27001, GCP and HIPAA with robust security tools for documents. This includes features such as password security, granular access controls and audit trails. It is also important that data rooms offer multi-device compatibility and built-in chat as well as video calls and the ability to integration with other software such as CRMs or ERPs.

Intralinks is highly rated by Capterra, and trusted by DuPont and Starbucks as well as L’Oreal and L’Oreal. It is an advanced platform that combines traditional VDR with artificial intelligence and automation to provide cross-project analytics. It also allows for two-step systems for user identification verification and encryption of uploaded files upon download and after opening. It can also automatically add watermarks, which include Eset features the IP address of the user and name, as well as the date of access to documents.