Data Room Software Overview
A virtual dataroom (VDR) provides a secure platform for storing important business documents and other information that is time-sensitive. Data room software is commonly used to facilitate information sharing among multiple parties during due diligence processes before M&A. VDRs also facilitate collaboration on projects and enable remote access via cloud storage. They are the ideal solution to collaborate on complicated deals.
FileCloud is an extremely secure online data room solution. It offers a high level of security through automatic unlimited versioning, secure encryption, and more. Furthermore, the solution supports multi-tenancy for enterprises of all sizes. Multiple tenants or sites can be created on a single instance of FileCloud, each with its own site-specific access settings and user roles.
The platform has an easy to navigate interface that includes drag-and-drop and bulk upload options, a central data structure that organizes uploaded documents and dynamic watermarks that display a custom message when printed or viewed and more precise controls like share expiry for files that are sensitive. Other features include integrations with well-known software and services, such as Microsoft Office and Slack.
Firmex is a sophisticated VDR that is suitable for a variety of companies. It’s suitable for complicated processes like diligence, and provides a range of third-party integrations, which 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 program is backed by many security certifications such as ISO 27001, SOC 1/2/3, and GDPR.