Data Room Software Overview

Data Room Software Overview

A virtual dataroom (VDR) offers an secure storage platform for sensitive business documents and information. Data room software is usually used to facilitate information sharing among multiple parties during due diligence processes prior to M&A. VDRs also facilitate collaboration on projects and enable remote access to cloud storage. They are a great choice for collaboration on complicated deals.

FileCloud is an online data room which offers plenty of power. It offers a high level of security by allowing automatic versioning, secure encryption, and much more. The solution also allows multi-tenancy, which is a great feature for companies of all sizes. Multiple tenants or sites can be created on a single instance of FileCloud, each with its own unique site-specific access settings and user roles.

The platform comes with an easy-to use interface that allows drag-and-drop and bulk upload options, a centralized data structure that organizes uploaded files, dynamic watermarks which display a personalized message when printed or viewed and more precise controls like share expiry for sensitive files. Other features include integrations with popular software and services, such as Microsoft Office and Slack.

Firmex is an advanced VDR that can be used by many businesses. It is suitable for complex processes such as diligence, and provides a range of third-party integrations to make collaboration easier between businesses. It also possesses a ‘fence view’ feature that blacks out portions of the file so personally-identifiable information remains private and prevents screenshotting. The program is backed by many security certifications such as ISO 27001, SOC 1/2/3, and GDPR.

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