How to Find the Best Data Room Alternatives

Data rooms are essential for smooth M&As and other deal-making. They enable teams to securely store large files and access them across multiple devices. With the right features, they allow teams to work together on an idea without having to switch between multiple platforms or worry about losing data in the email inbox. They secure sensitive data by using 256-bit AES as well as a firewall, and cloud backups.

To determine the most effective options for your data room requirements, you should look over what each provider has to offer. 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. Other security certifications include ISO 27001, SOC 1/2/3 GDPR, HIPAA. Multi-factor authentication, audit trail and a non-disclosure contract that can be customized are additional features worth considering.

A good alternative to data rooms is one that comes with a wide range of collaboration tools such as a word processing program, presentation software or spreadsheet software. It should have a large storage capacity and support a variety file formats. It should also permit users to create groups with varying access privileges and have a customized watermark.

Another great option is Clinked that offers a complete virtual data room solution. It provides the usual VDR features, such as drag-and-drop as well as bulk uploads and workflow management. It also offers social media integration, knowledge management and document management. It also offers a free trial, which comes with 15GB of storage space and basic sharing capabilities.

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