Data Room Software Overview
A virtual data room (VDR) is a secure digital platform that is used for the storage and sharing of time-sensitive documents and business information. Data room software is often utilized to facilitate sharing of information between various parties during due diligence procedures before M&A. VDRs also allow collaboration on projects as well as remote access via cloud storage. They are the ideal solution to collaborate on complex deals.
FileCloud is an online data space that offers a lot of power. It offers a high level of security with automatic unlimited versioning, secure encryption and more. Furthermore, the solution supports multi-tenancy for enterprises of all sizes. FileCloud allows for the creation of multiple websites or tenants, each with their own access settings and roles.
The platform comes with a simple interface with drag-and-drop and bulk upload capabilities along with a centralized indexing system that organizes uploaded files in an easy-to-understand data structure and dynamic watermarks that display a customizable message on each document every time they are viewed or printed, and granular controls like share expiry for sensitive documents. Other features include a range of integrations with popular third-party software and services, such as Microsoft Office and Slack.
Firmex is a VDR with advanced capabilities that are suitable for a wide range of companies. It is a great tool for complicated processes like diligence, and provides an array of third-party integrations to facilitate collaboration 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 numerous security certificates such as ISO 27001 and SOC 1/2/3.
