Data Room Software Overview
A virtual data room (VDR) is a secure digital platform for the storage and sharing of time-sensitive documents as well as business information. Commonly used for due diligence processes prior to M&A, data room software allows information sharing between different parties. VDRs are also used to support collaboration and remote access through cloud storage. They are an excellent choice to collaborate on complicated deals.
FileCloud is an online data storage space that has a lot of power. It provides high levels of security, which includes automatic unlimited versioning and secure encryption. The solution also allows multi-tenancy for businesses of all sizes. FileCloud allows for the creation of multiple sites/tenants each with its individual access settings and roles.
The platform features an easy-to use interface that allows drag-and-drop and bulk upload options, a centralized data structure that arranges uploaded files, dynamic watermarks which display a custom message when printed or viewed and granular controls such as sharing expiry for sensitive files. Other features include a range of integrations with popular third-party applications and services, such as Microsoft Office and Slack.
Firmex is a VDR with advanced functions that’s suitable for a wide range of companies. It can be used by complex processes like diligence and comes with a variety of third-party integrations to ease collaboration between companies. 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 by many security certifications such as ISO 27001, SOC 1/2/3, and GDPR.