A data room is a secure platform for online document storage that can be used to share and exchange confidential documents. It is often used during the due diligence process of the deal, but it is becoming increasingly used for other purposes, such as fundraising and business restructuring.
Data rooms are designed to make it easier and assist in the due diligence process. They enable companies to share sensitive documentation with potential investors and partners in a secure, easy and easy-to-use environment. They can be used to support various business transactions, such as mergers and acquisitions including joint ventures, capital raising as well as restructuring, stock exchange listings and debt financing.
Users are invited by virtue of their contribution or role in an initiative, using a list of pre-defined or customized email addresses. The user can be given or restricted access to specific folders, documents or the entire content of the data room. This ensures that only those who require to see the information can access it and helps stop unauthorised sharing. Users can deliberatedomain.com/ view detailed audit trails to determine who was able to view what and when. This is crucial for legal reasons.
Secure features include watermarking access based on role, role-based access to, scans for viruses and data encryption. The system can be configured to meet specific compliance standards for the legal, biotechnology and medical fields, including ISO 27001, GDPR, GCP and HIPAA. This will increase efficiency and reduce operating costs.