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Run the deal room,not the sharing settings.

DekkoCORE gives a bank's deal team one end-to-end encrypted Hub per transaction. Bidders, advisers and lawyers see only what's shared with them and never see each other, the deal team controls access itself, and every view and download is recorded.

An example data room index for Project Harbour, with six numbered sections holding 326 files.

Round by round

One sale, from NDA to close.

Step through Project Harbour, a fictional sale with three bidders, and see which sections of the data room each one can open at every stage.

The Project Harbour sale timetable. The deal team has full access in every round. In the NDA round each bidder signs the NDA. In phase 1 every bidder can open sections 1 and 2. In phase 2 bidders A and B can open sections 1 to 5, and bidder C's access ends. In the clean team round bidders A and B can also open section 6, the clean team folder. At close every bidder's access expires.
  1. Round 1 of 5 · NDA

    Each bidder signs the NDA first.

    The confidentiality agreement goes to each bidder as a signature request. Signers sign in before they can sign, and the deal team sees who has signed before opening anything else.

  2. Round 2 of 5 · Phase 1

    Indicative bids, on view-only access.

    Bidders get the information memorandum and the first two sections View only, with an expiry at the indicative bid date. They can read in the secure viewer but can't download.

  3. Round 3 of 5 · Phase 2

    Two bidders go through. One doesn't.

    Bidders A and B are shortlisted and see the full data room. Bidder C's shares are revoked, and their access ends straight away. None of them ever sees who else is bidding.

  4. Round 4 of 5 · Clean team

    Pricing data, for the clean team only.

    Commercially sensitive pricing goes into its own folder, shared only with each bidder's named clean team advisers. Everyone else on the bidder side can see it exists, and nothing more.

  5. Round 5 of 5 · Close

    Signed, closed, and every share expired.

    The sale agreement is signed in the browser by both sides. At close, outside access expires, the files stay with the bank, and the audit log shows every view and download along the way.

Shortlist after phase 1

Who sees whom

Inside the bank, everyone. Outside it, only the bank.

Who can see whom in the deal Hub
Can seeDeal teamBidder ABidder BBidder C
Deal team·YesYesYes
Bidder AYes·NoNo
Bidder BYesNo·No
Bidder CYesNoNo·

Inside the bankTeam Members

Deal team · Credit and risk · Legal and compliance · Executive sign-off

Team Members see everyone in the Hub and share with anyone in it. Hub admins on the deal team invite people and set their roles, within the bank's tenancy policies.

Outside the bankExternal Members

Bidders · Financial advisers · Law firms · Accountants

External Members see only the bank's Team Members, never each other, even when the same files are shared with them. With de-identified sharing on, they see a consistent alias for each bank employee instead of a name and email.

Moving off SharePoint

External sharing, without the upkeep.

For deal teams taking external sharing out of SharePoint, here is how Microsoft's own documentation describes it, beside how DekkoCORE works.

Where external sharing is set
SharePointIn the SharePoint admin center at organisation level and again for each site, alongside Microsoft Entra external collaboration settings and, for connected sites, Microsoft 365 Groups and Teams guest settings.Microsoft Learn: Manage sharing settings for SharePoint and OneDrive
DekkoCORETenancy policies are set once by your tenancy managers. Inside each deal Hub, the deal team's Hub admins invite people and choose their role.
Who can change a site's external sharing
SharePointAt least a SharePoint Administrator. Site owners can't change these settings.Microsoft Learn: Change the sharing settings for a site
DekkoCOREHub admins add and remove members of their own deal Hub, and each file's owner sets every recipient's access level and expiry date.
Knowing who has opened a file
SharePointWith Anyone links, links can be forwarded, and you can't track who has access to shared items or who has accessed them.Microsoft Learn: Manage sharing settings for SharePoint and OneDrive
DekkoCOREFiles in a Hub are shared with named people who sign in. Every view, download and signature is logged against the file.
Switching external sharing off and on
SharePointIf external sharing is turned off for the organisation and later turned back on, guests regain access.Microsoft Learn: Manage sharing settings for SharePoint and OneDrive
DekkoCOREAccess is set per person and per file. When a share reaches its expiry date or is revoked, that person's access ends.

SharePoint and Microsoft Entra are trademarks of Microsoft. Descriptions summarise Microsoft Learn articles, checked October 2026.

Protections

What your risk team will ask.

Zero-knowledge, end to end
Deal files are encrypted on the device that uploads them. DekkoSecure can't read them, and neither can anyone else outside the share.
Hosted in-country
DekkoCORE is hosted in Australia, the United States and Canada, and IRAP assessed for Australian government PROTECTED information.
Sign-in you can enforce
Enforce two-factor authentication or passkeys with hardware attestation for everyone in the tenancy, and single sign-on with Microsoft Entra ID for the bank's own staff.
Hubs open only from where you allow
Region protection is an IP-based allow-list for every Hub: a first line of defence, alongside sign-in.
Logs into your SIEM
Export the tenancy-wide audit log as CSV, or stream it to your Log Analytics workspace.
Every upload scanned
Cloud-based malware scanning over ICAP checks files from bidders and advisers as they arrive.

In the product

The deal, at a glance.

A DekkoCORE file list with each file's owner, date, view and download events, and status tags such as Shared, Signed and Awaiting
Status and activity on every fileSee at a glance what's shared, what's signed and what's awaiting signature, with view and download events beside each file.
The DekkoCORE tenancy users page, with filters for two-factor authentication, single sign-on and tenancy managers, and a chart of top users by Hub access
Everyone with access, in one listTenancy managers see every user, which Hubs they can open, and whether they use two-factor authentication or single sign-on.

Q&A log

Asked by deal teams.

Q-001Access

Can bidders see who else is in the data room?

No. Bidders are added to the Hub as External Members, who only see the bank's Team Members. They can't see or contact other External Members, even when the same files are shared with them.

Answered

Q-002Downloads

Can bidders download the information memorandum?

Only if you let them. Share it View only and they can read it in the secure viewer without downloading a copy. Download access is a separate level you can grant later, per person.

Answered

Q-003Questions

How do bidders ask questions?

Through encrypted mail with the deal team inside the Hub, or in a video meeting. Mail you've sent can be revoked if the recipient hasn't read it yet.

Answered

Q-004Accounts

Do bidders need a DekkoSecure subscription?

No. External Members are invited by the bank and register a DekkoSecure account to take part. Their own organisation doesn't need a subscription.

Answered

Q-005SharePoint

Do we have to move everything off SharePoint?

No. You can keep SharePoint for internal work and use DekkoCORE for deals and other sharing with outside parties. The deal team uploads files in the browser, or in bulk with the Upload Accelerator.

Answered

Q-006Hosting

Where is the data stored?

DekkoCORE is hosted in-country in Australia, the United States and Canada, and is IRAP assessed for Australian government PROTECTED information.

Answered

Next milestone

Set up your next deal Hub with us.

Show us how your deal team shares with bidders and advisers today. We'll set up a deal Hub to match, with rounds, roles and expiry dates ready to go.