Data Room Software Overview
A virtual data room (VDR) is a secure digital platform that is used for the storage and sharing of time-sensitive documents and business data. Data room software is commonly utilized to facilitate sharing of information between different parties in due diligence processes prior to M&A. VDRs also facilitate collaboration on projects and allow remote access to cloud storage. They are an ideal option for collaborating on complex deals.
FileCloud is an online data room which offers plenty of power. It provides a high level of security that includes unlimited versioning and secure encryption. Additionally, the solution supports multi-tenancy in enterprises of all sizes. Multiple tenants or sites can be created within a single instance of FileCloud, each with its own site-specific access settings and user roles.
The platform provides a user-friendly interface that allows drag-and-drop as well as bulk upload capabilities as well as a central indexing system that arranges uploaded files in a clear data structure and 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 on sensitive documents. Other features include integrations with popular software and services such as Microsoft Office and Slack.
Firmex is a sophisticated VDR that is suitable for many companies. It is suitable for complex processes like diligence, and provides a range of third-party integrations that help 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.