Virtual data rooms are cloud-based storage platforms particularly designed for data organization and sharing. However, a virtual data room is not a simple document repository by any means. It is a combination of multiple features for data management, sharing, storage, online communication, and project management. Importantly, some data rooms offer advanced bank-grade security, document management, and collaboration features that are necessary for any intended usage. That said, no matter what you use data room software for — be it M&A, real estate deals or a fundraising campaign — these features will be similarly important.  Below is a detailed guide on some of the best and most necessary electronic data room features. Best features to look for in virtual data room services 1. Security features and certificates 2. Document management features 3. Communication tools Apart from these features, it is important if the data room software: Final words Virtual data rooms are like investments; the more you invest, the better the results. However, no matter how you intend to use it, make sure your VDR has all the must-have features in terms of security, document management, and collaboration. Be sure to compare virtual data rooms against these three criteria to make an optimal choice! Building, Design & Construction Magazine | The Choice of Industry Professionals