A secure dataroom is an online repository that allows for confidential documents from businesses to be shared during due diligence, legal transactions, and funding. Traditionally, this due diligence was carried out in physical spaces such as rooms in a corporate headquarters or law firm office, or even a central secure location, but nowadays the information is stored electronically and is available for review on demand via a virtual platform.
When sensitive documents have to be shared with multiple parties there is a greater chance that they’ll end up in the hands of the wrong people if you use generic file-sharing software such as Google Drive or email than when you use a data room. While these tools are great to share files with family and friends however, they lack the security features necessary to share data with specific https://securedataroom.net/6-best-youtube-channels-about-business/ third parties in the course of a deal or transaction. This includes user restriction settings, granular auditory capabilities watermarks, and more.
CapLinked’s secure data room is a software solution that provides secure collaboration and document sharing with selected third parties during an M&A or Capital Raising process. This comes with a range of advanced features that permit users to automatically erase sensitive information from folders and files, search text within images, create multiple versions of documents (e.g. PDF) and keep track of which users have viewed which information, at what time, and for how long. These features cut down on the time needed for teams to complete their projects and make a better, more informed decision during M&A or other business events.