When it concerns sharing and storing sensitive documents for business transactions, the best software for managing your data room can make the difference. The best options allow simple collaboration, quick access at any time of day and a dedicated team of support to provide a comfortable online data room experience. They also provide advanced features that allow companies to personalize their data room online, with features such as a customizable interface that allows drag and drop uploading of folders and documents, and smart full text search. For ultra-sensitive files they also include watermarks to lower the risk of unauthorized file sharing and leaks of data.

Insight dashboards and audit reports, as well as alerts give you a comprehensive view of the activities taking place in your data space that helps you keep track of document review and due diligence. They also provide extensive permissions for user and document access that help you keep track of which data and documents are shared, accessed and viewed.

Firmex is a scalable solution that is able to handle all kinds of M&A deals. It lets you modify the interface and also integration with an existing systems to create a seamless workflow. Its fast upload speeds and the ability to grant permissions in granular ways are ideal for due diligence, while its built-in redaction and DocuSign integration allows secure transactions with minimal disruption to business processes. It has a range of pricing options that are based on the amount of storage and use for per-storage and per-page packages.

Any M&A deal involves mountains of paperwork. And even though the majority of it is digitally digitized, that doesn’t mean that dealing with documents will be any less chaotic. Anyone who has worked with email knows the frustrations of documents that bounce back and forth, become lost, or are revolving through various versions. A virtual data room keeps all the documents needed to facilitate a transaction in a single, secure location, which reduces the amount of chaos. A well-organized virtual data room will basics also help to manage the due diligence process by giving users the ability to assign reading and uploading tasks and track progress through a detailed task management system.