When businesses are preparing for major events such as mergers and acquisitions, tenders, capital raising and IPOs they must go through large volumes of highly confidential information. This process can require combing through thousands of documents and can pose an actual risk to business if this data is exposed to the wrong people. Data room software helps businesses to safely store and exchange all this information while ensuring that only the correct people view the files.
Data room software is a central repository of information that can be accessed and shared by authorized users anywhere with an internet connection. Documents can be organized into folders, and tagged to make it easier to search. Users can also personalize the interface of a data room with their company logo to create a more familiar collaboration workspace. Security features for data like fence view, watermarks, and role-based access protect sensitive files from unauthorized views.
Investment banks require secure, flexible and scalable storage to conduct due diligence with high stakes. Data room software allows them to share confidential files, collaborate and conduct due diligence with clients. They can also present targets to investors. They can also automate their communication workflows and process Q&A faster by exporting and importing questions in massive quantities. Answers can be accessed quickly via quick links to documents, and users assigned to a specific question can talk directly to each other to improve efficiency.
VDR Pro provides the complete solution, including 24/7 technical support, a simple upload of documents, VDR management. They also provide the ability to burn a DVD of your data room archive at completion of your transaction. They offer a reasonable per-page price at $0.40-$0.80 per page and is available on all major platforms like Mac, PC and mobile devices. SecureDocs is another provider with an established reputation and an extensive range of features. The software is designed for small and medium-sized companies. It features a user-friendly interface, with advanced security features.