Data room software enables organizations to securely share documents and collaborate with colleagues. It allows easy access to any location in the world and supports multiple languages and devices. It allows users to search through documents, sort them, merge them, and view and download them.

It offers a range of user access options, including granular, role-based access control and password protection. The system also includes an audit trail for full insight into the activity of documents. Multi-factor authentication and timeouts on sessions, restrictions on location and secure spreadsheet viewing are some of the security features. Infrastructure security measures include a secured online repository, advanced cryptography and virus scanning.

M&A teams require a secure virtual dataroom that is able to handle large files, and offers an intuitive interface for collaboration. It should also allow the team to keep track of and save documents safely for integration after transaction. A streamlined workflow will improve the flow of information and improve organization. The system should also allow users to upload spreadsheets, edit and export them quickly.

Most VDRs are suitable for M&A deals, however some vendors offer more features than others. For instance, iDeals offers a customizable application that can automate uploading and downloading of data from desktops, shared folders FTP, as well as enterprise content management systems. The application also allows synchronization of data with the data room in order to reduce the risk of lost or corrupted data. iDeals Sync also allows users to search, sort and join thousands of directories and files in seconds. It also lets users search through docsend competitors all folders and files within a project at the same time.