The best data rooms have a comprehensive set of features that facilitate collaboration among parties involved in an agreement. Security, ease-of-use, as well as support for a variety of file formats are among the most important features. Other features you should consider are granular permissions auditing, page-level document tracking. Regardless of whether you need to manage a small project or a huge enterprise, these tools will help you do it quickly and safely.

SecureDocs provides an online data room for M&A that is easy to set up and is designed with the goal of simplifying processes. It has an intuitive user interface and allows users to upload files in bulk through a drag-and-drop tool. It also allows you to organize files into indexes and folders. It also supports multiple languages and has advanced search capabilities that identify both partial official website and exact matches. It can also read emails in PST, EML or MSG files.

iDeals the other VDR with a powerful functionality that allows businesses to collaborate without hassle. It comes with a simple dashboard and doesn’t require installation of any plugins. It also has a huge storage space and is compatible with a variety of file formats. Its collaborative suite is a huge plus. It includes programs like Docs (word-documents), Slides, (presentations), Spreadsheets, and Forms.

Dealroom is an intuitive and user-friendly virtual data space created for M&A and other transactions. It comes with a variety of tools to simplify the due diligence process and eliminate inefficient practices. It also has the option of a flat-fee price structure for unlimited data and users. In addition, it features a powerful search engine that is able to scan for keywords and detect images with tags to give precise results. It also comes with the feature of watermarking which prevents viewers stealing sensitive information.