What features should I look for in a secure data room for M&A?

In the world of mergers and acquisitions, secure data rooms have become essential for managing sensitive documents and facilitating due diligence. With various options available, it can be challenging to identify which features are most critical for ensuring both security and efficiency. From robust encryption and access control to user-friendly interfaces and advanced reporting capabilities, there are numerous aspects to consider. Some organizations may also benefit from features like AI-powered document indexing or real-time user tracking. What features do you believe are absolutely essential for a secure data room, and have you come across any innovative features that significantly enhanced your M&A process? What advice would you give to someone selecting a secure data room for the first time?