Data Room Software Overview

A virtual data room (VDR) is an online secure platform for storing and sharing time-sensitive documents as well as business information. Data room software is typically used to facilitate information sharing between different parties during due diligence procedures prior to M&A. VDRs also allow collaboration on projects and enable remote access to cloud storage. They are a great option to collaborate on complex deals.

FileCloud is an effective online data room solution. It offers a high degree of security through automatic unlimited versioning, secure encryption, and more. The solution also supports multi-tenancy for enterprises of all sizes. Multiple sites or tenants can be created within a single instance of FileCloud, each with its own unique site-specific access settings and user roles.

The platform offers an easy-to-use interface with drag-and-drop and bulk upload capabilities as well as a central indexing system that organizes uploaded files in an organized data structure, dynamic watermarks that display an individual message on each document every time they are printed or viewed and more granular controls, such as sharing expiry dates for sensitive documents. Other features include integrations with well-known software and services such as Microsoft Office and Slack.

Firmex is an advanced VDR that is suitable for all kinds of companies. It’s ideal for complex processes such as diligence and offers a variety of third-party integrations to make collaboration between companies easier. It also possesses a ‘fence view’ feature that blacks out portions of the file so personally-identifiable information remains private and prevents screenshotting. The software is protected by numerous security certificates such as ISO 27001 and SOC 1/2/3.

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