The electronic data room functionality is so powerful that it can meet the needs of any industry for any business transaction. So, typically teams use the software for M&A lifecycle management, an initial public offering, fundraising, strategic partnerships, intellectual property management, audits, board communications, corporate development, secure document sharing, and other deals. In addition, the data room services are the best format for fast file-sharing, business communication, and in-depth data analysis in cooperation with investors or other partners.