Data handling is a major issue for all businesses and that’s why most companies need an online data room. These virtual platforms allow large-scale file sharing that is secure and provide a full list of document management features that help users work with documents. The best online data rooms also support multiple languages, which makes it easier for cross-board collaboration and makes it easier for non-technical employees to use.

Online data rooms have a range of features, such as drag-anddrop uploading and bulk downloading unlimited storage advanced search tools, advanced search tools with labels and tags, as well as optical character recognition for PDFs and image files, as well as the capability to create an index of all uploaded files. They have dynamic watermarking which allows users to see the number of users who have viewed or downloaded a document. They also provide comprehensive activity reports and visual heat maps that facilitate collaboration.

When you are choosing an online data room, it’s crucial to select one that’s been built to handle complex transactions. Large corporations require a variety of features, such as secure file transfers, audit trails, multiple language support, and more. There are a variety of options to meet a broad variety of needs.

Citrix ShareFile, for example it allows for large-scale file storage and sharing. It is also a great choice for M&A and due diligence processes. The platform offers eSignatures, mobile access, advanced control permissions, and the option of a trial. CapLinked is another option. It is a secure platform to manage confidential information and contracts, with an emphasis on M&A. The provider is SSAE16 Type II certified and ISO 27001 accredited. It offers features like private workspaces with permissions, as well as client service teams.