How to Find the Best Data Room Alternatives

Data rooms are vital for smooth M&As, and other deal-making. They allow teams to securely store large files and access them from multiple devices. They enable teams to collaborate without worrying about losing data in email inboxes or juggling multiple platforms. They also protect sensitive information by using 256-bit AES encryption, firewall, cloud backups, and granular user permission settings.

To find the top data room options to meet your needs, look at the features each service has to offer. Some have advanced features like redaction, which blacks out specific areas of a file so personally-identifiable information stays private, and fence view, which covers the screen with a digital view that prevents screenshotting. Some companies offer security certifications, such as data room vs alternative solutions ISO 27001 and SOC 1/2/3. Others also provide GDPR and HIPAA. Multi-factor authentication, audit trail, and a re-usable non-disclosure policy are additional features worth considering.

A good alternative for data rooms is one that has an extensive suite of collaboration tools, including presentations, word processors, software, and spreadsheet program. It should also have an ample storage capacity as well as support for a variety of file formats. It should also allow users to set up groups with varying access privileges and also include a custom watermark.

Another option to consider is Clinked It is an all-encompassing virtual data room solution. It comes with the standard VDR features, like drag-and-drop, bulk uploads and workflow management. But it also comes with social media integration, knowledge management and document management. It offers a free 15GB trial with basic storage and sharing capabilities.