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If you’re looking to move your document management process away from email and onto a unified platform, data room software is an excellent solution. It helps you share documents with other users safely and collaborate with ease. It also supports a broad range of file formats, and allows users to edit them. It also lets you monitor who is interacting with your files and in what way. When choosing a data storage, look for providers that offer granular access privileges and a central dashboard that allows you to monitor the activity.

iDeals Virtual Data Room is an affordable VDR that can be used with a variety of business tools. Its features include two-way synchronization, OCR and multilingual search capabilities. The drag-and-drop interface is user-friendly for non-technical users and allows you to set up projects quickly. It helps you organize your documents with an inventory of your directories and a room index that can be exported to PDF or Excel. iDeals also comes with a wide variety of collaboration tools, including Q&A, an encrypted document viewer, and a user-friendly workspace.

Ipreo Prism Virtual Data Room is a cloud-based application for sharing documents that provides secure storage and collaboration for business processes. Its installation takes less than five minutes and does not require any downloads, plug-ins or installations. The platform is certified by ISO 27001 and SOC 2 and provides a high uptime guarantee. The analytics and reports feature automates reporting and identifies patterns in behavior to identify the possibility of risk.

Brainloop Secure Dataroom is a SaaS VDR that is specialized in delivering an online secure workspace for M&A and due diligence. It features a comprehensive security architecture and is available 24/7 via a web browser or its mobile app. Its security features include password-protection with timeouts, automatic expiration and timeouts, granular access privileges for users as well as an administrative control panel that is central as well as visual analytics of document activity. It is a good fit for mid-sized or small-sized companies.