https://dataroom3d.com/intralinks-virtual-data-room-review/
Due diligence is essential for all involved when working with large amounts of sensitive files. The traditional method of storing due diligence files is to store them in physical cabinets where they can only be viewed by those who have access to the cabinets. This approach doesn’t scale when dealing with larger amounts of data or multiple transactions. A virtual data room (VDR) allows many interested parties to view and comment on sensitive documents without making copies which might expose confidential information. VDRs are used for due diligence in M&A transactions, litigations and bankruptcy.
A VDR’s file structure is easy to navigate, and the files are organized based on type or project stage. The structure of the folder can be modified to meet the requirements of specific projects and industries. The software has the default index of documents that reflect the checklist for due diligence. This allows users to locate the necessary documents faster.
To ensure that no one is able to gain access to confidential information without permission, the VDR must have complete security features. This includes encryption of 256 bits remote shredding (with dynamic watermarks) as well as a restricted viewing mode as well as secure sheet view. detailed activity reports, and antivirus security. You should be able control the way users print and download documents, as well as establish time limits for viewing a document. Different providers provide different security features, so make sure you know how they can meet your requirements for data room due diligence prior to selecting a service.
