The best data rooms on the market offer a wide range of capabilities for different kinds of businesses. Large corporations require a great deal of functionality, so they typically choose vendors with a broad selection of document management features. Others, such as legal firms, require safely store and share documents with clients or other people. This type of VDR lets users streamline their work and cut down on time.

Real estate companies utilize virtual data rooms for managing portfolios, communicating with investors, and monitoring long-term projects. To make this process more efficient to manage, they choose the right data room that comes with advanced features like fence view, which permits users to only view certain sections of the file and stops taking screenshots. They also need an online data room that has a robust search function and security certifications, such as ISO 27001, SOC 1/2/3, GDPR HIPAA, and PCI DSS.

Onehub is a popular platform for storing and sharing files with clients and co-workers. Its user-friendly interface makes it simple to navigate, and its robust audit logs and security features let organizations monitor their activities and access rights and abide by regulatory requirements. It also comes with a mobile app and is compatible with most browsers, meaning it can be accessed from any location.

CapLinked is an electronic data room for M&A transactions and other business operations. This includes asset sales and fundraising. It comes with a variety of features that can be adapted to the needs of small and large businesses. They include drag-and drop uploading and multilingual support. Its prices are competitive, and it also offers a free trial. Merrill Datasite, another top choice, is an excellent alternative for law firms, investment banks, as well as private equity companies. Its industry-leading security meets the most stringent security requirements and lets users customize their settings.