A secure online data room is an online platform that allows different parties to share documents. These websites can be used to complete a wide variety of projects, like business agreements and legal cases. These rooms have various security features such as password protection, and document permissions which can be set to the folder level. Additionally, these rooms can be configured to restrict access by date and time or by IP address.

One of the most popular uses for an online data room is during mergers and acquisitions where buyers need access to confidential documentation. This procedure can take months and companies require a secure method to transfer huge amounts of data. Virtual data rooms enable users to review documents and save time and money by not having to travel to the company.

Before logging into an online dataroom, users must sign a nondisclosure contract. Users also need to create an account, password and agree to the terms of service. Many vendors offer training to help users understand how to navigate the system and get access official source to the information that they need.

A reliable online data room service will allow you to control access to your documents. They can also monitor user behavior for example, when they enter the room, what documents they view and how often they look at them. The software should permit you to backup your documents in the event of an emergency to an offsite location.