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It’s not surprising that companies across all industries are concerned about the security of their confidential documents as the number and severity of data breaches continues to rise. To meet this demand numerous companies are using virtual data rooms that allow them to share sensitive data with both external and internal stakeholders.

In addition to offering an secure platform for collaboration online deal rooms increase efficiency by automating workflows as well as providing reporting tools that enable users to monitor document activity. With these advantages in mind, it’s important to choose a deal room provider with the features your company needs. When comparing providers, look for the ability to set access conditions based on each user’s job in the project and features like a full-text search, indexing, and a user-friendly interface.

This is an excellent option for M&A. It helps users simplify due-diligence and other process that requires a lot of information by document sharing and management. The unique security present feature allows teams to work with potential bidders, while still maintaining privacy via an encrypted connection. Users can also rely on other secure features, such as 2-factor authentication and external integrations, document tracking and version control.

Brainloop is a tool for collaboration designed to support prominent private equity funds and funds. With a secure, intelligent Chinese wall and robust Q&A management It can help users save up to 3-4 hours a day by simplifying collaboration and reducing administrative redundancies. It can also improve the efficiency of investor communications with advanced features like watermarking, encryption of data and protocol reporting.