Data handling is a major issue for every company and that’s why most companies need an online data room. These virtual platforms permit large-scale file sharing, while ensuring security. They also offer an extensive list of document management tools that help users manage documents. The best online data rooms also provide support for multiple languages, which eases cross-board collaboration and makes it easier for non-technical employees to utilize.

Some of the most popular online data room features include drag-and-drop upload as well as bulk download, unlimited storage for files advanced search, tags and labels, optical character recognition tools for PDFs and images as well as the ability to create a numbered index of the files uploaded. They also feature dynamic watermarking, which allows users to track who has viewed or downloaded specific documents and, in most cases, they provide detailed reports on activity with visual heat maps to facilitate collaboration.

When selecting an online data room, you must choose one that has been designed to handle the demands of complex transactions. Large corporations require a variety of features, including secure file transfers, audit trails, multiple languages support, and many more. Luckily, there are many options to meet the diverse needs of.

Citrix ShareFile, for example, allows large-scale file storage and sharing. It’s an excellent choice for M&A and due diligence processes. It also provides electronic signatures mobile access, advanced permission controls, and a free trial. CapLinked is another option. It provides a secure platform to manage confidential information and contracts, with a particular focus on M&A. The provider is SSAE16 Type II and ISO 27001 certified, and it provides features like private workspaces with permission-based access, client service teams, engagement letters, and live support for clients.