Data room software enables organizations to securely share confidential documents and collaborate with colleagues. It is accessible from any location and supports a variety of languages. It also allows users to search and sort, merge, view, and download documents.

It provides a variety of user permission options including an incredibly granular, role-based access control and password protection. It also provides an audit trail that gives you complete visibility into document activity. Other security features include my company multi-factor authentication session timeouts, geographical restrictions and secure spreadsheet access. Security measures for infrastructures include a secure online repository, advanced cryptography and virus scanning.

M&A teams require a secure virtual dataroom that is able to handle large files, and provides an easy interface to collaborate. It should also allow them to keep track of and store documents in a secure way for integration after a transaction. A more efficient workflow can improve communication and organization and the system should allow them to quickly upload or export and edit spreadsheets.

The majority of VDRs can be used to facilitate M&A deals, however some vendors offer more features than others. iDeals for instance, offers a customizable software that facilitates the uploading and downloading of data from desktops as well as shared folders. It can also support FTP and the enterprise content management systems. It can also synchronize the data with the dataroom, thereby reducing the risk that information will be lost or corrupted. In addition, iDeals Sync enables users to search, sort, merge and download the contents of a multitude of files and folders in just a few seconds. It lets users search through all files and folders in a project.