Secure datarooms are online storage facility that allows confidential business documents to be shared during due diligence legal transactions, due diligence, and funding. Traditionally due diligence was conducted in physical locations such as rooms at the headquarters of a company or at law firm offices or even a secure central area, but today the data is saved digitally and is available for review anytime via a digital platform.

When sensitive documents need to be shared between multiple parties and multiple parties, it is more likely that they’ll end in the hands of the wrong people if you use generic file-sharing programs like Google Drive or email than the case if you utilize a data room. Furthermore, while these tools are great for routine sharing files, they don’t provide the security features that are vital when sharing sensitive data with a select group of third parties during the course of a transaction or deal like user restriction options, granular auditing, watermarks, and more.

With CapLinked, a secure data room is an intuitive software solution that provides ironclad security to facilitate collaboration and document exchange with a select group of third parties during an M&A or capital raising process. This includes a full suite https://securedataroom.net/6-best-youtube-channels-about-business/ of advanced features that allow you to automatically remove sensitive information from folders and files, search text within images and create multiple versions of the same document (e.g. PDF) and monitor which users have seen what information, when, and for how long. These features cut down on the time it takes for teams to complete their projects and help make a better well-informed decision during M&A or other business events.