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Data rooms are crucial for smooth M&As, and other deals. They allow teams to securely store large amounts of files and make them accessible on multiple devices. With the appropriate features, they permit teams to work together on projects without having navigate through multiple platforms or worry about losing important information in an email inbox. They can protect sensitive information with 256-bit AES security, firewalls and cloud backups.
To find the best data room alternatives for your requirements, take a look at the features each service 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. Others provide security certifications like ISO 27001, SOC 1/2/3 GDPR, HIPAA. Multi-factor authentication, audit trail and a re-usable non-disclosure policy are other features to consider.
A good alternative to a virtualdatacenter.org/ data room is one that provides a robust set of collaboration tools such as a word processing program, presentation software or spreadsheet software. It should also come with a generous storage capacity and support for many different file formats. It should also allow users create groups with different access rights, and include a customized custom watermark.
Clinked is a great alternative. It is a complete virtual data room solution. It offers the usual VDR features, including drag-and-drop, bulk uploads and workflow management. But it also has social media integration, knowledge management and document management. It gives a trial of 15GB that is free and includes basic storage and sharing capabilities.