How to Find the Best Data Room Alternatives

Data rooms are vital for smooth M&As and other deal-making. They can help teams store large amounts of files and access them from multiple devices. With the appropriate features, they permit teams to work together on projects without having juggle numerous platforms or worry about losing data in the email inbox. They protect sensitive data using 256-bit AES firewalls, a firewall and cloud backups.

Examine the features each service has to offer to figure the data room that is best for you. Some have advanced features like redaction, which blacks out specific areas of a file so personally-identifiable information stays private, and fence view, which covers the screen with a digital view that prevents screenshotting. Others offer virtualdatacenter.org/ security certifications such as ISO 27001, SOC 1/2/3 GDPR, HIPAA. Other features to consider include multi-factor authentication, audit trails and a customizable NDA.

A reliable data room alternative is one that comes with an extensive suite of collaboration tools, such as a word processor, presentation software and spreadsheet software. It should also come with a generous storage capacity and support for many different file formats. It should also allow users to create groups with different access rights and also include a custom watermark.

Another option that is worth considering is Clinked which is an extensive virtual data room solution. It offers the standard VDR functions, including drag-and-drop and bulk uploads, but it also has social media integration and workflow management, as well as knowledge management and document management. It provides a trial of 15GB that is free and includes basic storage and sharing capabilities.