Data Room Software Overview
A virtual dataroom (VDR) provides an encrypted storage space for sensitive business documents and information. Data room software is usually used to facilitate information sharing among multiple parties during due diligence procedures prior to M&A. VDRs also facilitate collaboration on projects as well as remote access to cloud storage. They are a great option to collaborate on complicated deals.
FileCloud is a highly effective online data room solution. It provides a high degree of security with automatic unlimited versioning, secure encryption and much more. The solution also can support multi-tenancy for companies of all sizes. Multiple sites or tenants can be created within a single instance of FileCloud, each with its own site-specific access settings and user roles.
The platform offers an easy-to use interface with drag-and drop and bulk upload options, a centralized data structure that arranges uploaded files dynamic watermarks that display a customizable message when printed or viewed and granular control options like sharing expiry for sensitive files. Other features include integrations with popular software and services such as Microsoft Office and Slack.
Firmex is an VDR with advanced capabilities that are ideal for a variety of businesses. It’s suitable for complicated processes such as diligence and has a variety 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 solution is backed by many security certifications such as ISO 27001, SOC 1/2/3 and GDPR.