The best data room available is one that has many functions to accommodate different types of businesses. Large corporations require a great deal of features, and they tend to choose vendor that provide a variety of document management options. Legal firms, for instance require the ability to securely store documents and share them easily with clients or third-party. This type of VDR allows users to streamline their work processes and save time.
Virtual data rooms are utilized by real estate companies to manage portfolios as well as to communicate with investors and monitor long-term projects. To make the process easier for real estate companies, they look for data rooms with advanced features, like fence views, which allow users to only view certain portions of a file and stop screen-shotting. They also seek an online data room that has an extensive search function as well as security certifications, such as ISO 27001, SOC 1/2/3 GDPR, HIPAA, and PCI DSS.
Onehub is well-known for its storage and sharing files with coworkers and clients. Its user-friendly interface is easy to navigate, while its robust audit and security logs enable organizations to track activity, manage access rights, and abide by regulatory requirements. It also comes with an app for mobile devices and is compatible with the majority of browsers, so it can be accessed from any device.
CapLinked is an electronic data space for M&A transactions as well as other business operations. This includes fundraising and asset sales. It offers a variety of features to satisfy the requirements of large and medium-sized companies such as visual analytics, drag-and drop uploading, and multilingual support. Its price is competitive and comes with an opportunity to test it for free. Merrill Datasite is another top option for investment banking, private equity, and law firms. Its top-of-the-line security meets the most stringent security requirements and allows users to modify their settings.