As companies prepare for major events like mergers and acquisitions, tenders, capital raising and IPOs they must go through large volumes of highly confidential information. This process could involve sifting through thousands of documents, and poses the risk of business loss in the event that this information is revealed to the wrong individuals. Data room software allows businesses to safely store and exchange all of this data while ensuring that only the right people can access the data.
Data room software provides an all-encompassing repository of information that can be easily accessed and shared by authorized parties from any location with an internet connection. Documents are stored in folders that can be indexable and tagged for easy searching. Users can also customize the user interface of a data room to match their company’s branding to create a familiar collaborative workspace. Data security features like fence view, watermarks, and access via role-based security safeguard sensitive files from being viewed by anyone else.
Investment banks require secure, flexible and scalable storage to conduct high stakes due diligence. Data room software solutions enable users to share confidential files, work with clients, conduct due diligence and present targets to investors. They can also automate the workflow of communication and help answer Q&A faster by import and converting questions in large quantities. Answers are accessible quickly through quick links to documents, and the users who are assigned to a particular question can connect directly to improve efficiency.
VDR Pro my website is an all-inclusive solution with 24/7 technical support, simple uploading of documents and VDR management. You will also receive a DVD of the archive of your data room after your transaction. They provide a competitive rate per page at $0.40-$0.80 per page and is available across all major platforms, including Mac, PC and mobile devices. SecureDocs is another company with good reviews and lots of features worth having a look. The software is targeted at small to medium-sized businesses and they provide an easy to navigate interface, with advanced security features.