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Data rooms allow multiple parties to work together and share vital files in a secure way. These virtual repositories are accessible on desktops, tablet computers and mobile phones. To increase efficiency they can be incorporated into existing business systems such as CRMs and project management tools. Some data room providers do not offer the same features. It’s important that you choose one that has robust features and the capability to customize them to meet your needs.

One of these solutions is the idrShare virtual data room. It features an intuitive user interface and allows users to access documents on any device. It comes with a variety of features that will help speed up the due diligence process. These include document watermarking as well as auto-indexing and document watermarking. It can be used to monitor changes to documents and upload them in large quantities. Its security is enhanced by email alerts and two-factor authentication.

Brainloop Boardroom is another popular option. It provides a virtual meeting platform with the highest level of security for sensitive data. It has a variety of collaboration tools, including email notifications and a public announcements list and more. It is also easily customized to meet the specific needs of different industries.

A more comprehensive choice is Firmex, which is a virtual data room application that offers document sharing capabilities to professionals who need to handle complicated processes like due diligence. It also offers additional features that are advantageous for businesses, such as the ability to upload files using drag-and-drop and limitations on printing, viewing and saving documents.