Data Room Software Overview
A virtual data room (VDR) is an online secure platform for document storage and sharing that is time-sensitive and business data. Data room software is commonly utilized to facilitate sharing of information among multiple parties in due diligence processes before M&A. VDRs can also facilitate collaboration on projects and provide remote access via cloud storage. They are an ideal option to collaborate on complicated deals.
FileCloud is a powerful online data room service. It provides a high level of security, with automatic unlimited versioning and secure encryption. The solution also allows multi-tenancy, which is ideal for businesses of all sizes. FileCloud allows the creation of multiple sites/tenants each with their own access settings and roles.
The platform offers an easy-to-use interface that allows drag-and-drop as well as bulk upload features as well as a central indexing system that organizes uploaded files in a clear data structure dynamic watermarks which display a customizable message on each document every time they are printed or viewed and granular control options like sharing expiry on sensitive documents. Other features include integrations with popular applications and services like Microsoft Office and Slack.
Firmex is an VDR with advanced capabilities that are ideal for a variety of businesses. It’s suitable for more complex processes like diligence, and has a variety third-party integrations that help 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 solution is backed up by extensive security certifications like ISO 27001, SOC 1/2/3 and GDPR.