Data Room Software Overview
A virtual data room (VDR) is an encrypted digital platform for storage and sharing of time-sensitive documents as well as business information. Data room software is usually utilized to facilitate sharing of information between various parties during due diligence processes before M&A. VDRs also support collaboration on projects and enable remote access via cloud storage. They are an excellent option for collaboration with complex deals.
FileCloud is a highly effective online data room solution. It offers a high-level of security, with automatic unlimited versioning and secure encryption. It also allows multi-tenancy, which is great for businesses of all sizes. FileCloud allows for the creation of multiple websites or tenants, each with their own access settings and roles.
The platform provides a user-friendly interface with drag-and-drop and bulk upload capabilities along with a centralized indexing system that organizes uploaded files in an organized data structure dynamic watermarks that show an individual message on each document whenever they are printed or viewed and more granular controls, such as share expiry for sensitive documents. Other features include integrations with popular software and services such as Microsoft Office and Slack.
Firmex is an VDR with advanced features that are suitable for a wide range of companies. It’s ideal for complex processes like diligence, and offers a variety of third-party integrations that 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 extensive security certificates like ISO 27001 and SOC 1/2/3.