Various industries use online data rooms for various purposes. Some require more sophisticated functions than others. For instance, those who work with confidential documents or sensitive information require a special set of tools to aid in collaboration within their teams. These companies can benefit from a multilingual user interface and the ability to work with documents without the use of a desktop application.
For instance, legal firms, banks and other financial institutions typically have a large number of confidential documents they must share. These companies can benefit from a virtual data room solution which can safeguard information with various levels of security, and enables them to access files round-the-clock. This way, they can accelerate due diligence and complete M&A deals more quickly.
Virtual data rooms that are among the most efficient are backed with top-of-the-line certifications in security and offer advanced capabilities that physical rooms do not have. 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 provide tools that make it simple to organize and move documents, such as drag-and-drop file uploading or high quality previews of over 30 different file types. Some even have a central activity log that enhances accountability and transparency for teams.
Brainloop Secure Documentroom is one of the top data rooms on the market. It’s an VDR that is ideal for M&A, due diligence and project management. It is a cloud-based and end-to-end encrypted platform that lets you work on a single folder or a number of them with ease. Its patented blob storage system and AI-powered indexing makes it one of the fastest digital data rooms on the market. Additionally, its customizable watermarks and audit logs ensure complete compliance with the regulatory requirements.