Data Room Software Overview
A virtual data room (VDR) is an encrypted digital platform for storage and sharing of time-sensitive documents and business information. It is often used for due diligence procedures prior to M&A Data room software facilitates information-sharing among various parties. VDRs are also utilized to facilitate collaboration and remote access via cloud storage. They are a great choice to collaborate on complicated deals.
FileCloud is an online data room which offers plenty of power. It offers a high degree of security by allowing automatic versioning, secure encryption and more. In addition, the software supports multi-tenancy in enterprises 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 that allows drag-and-drop as well as bulk upload capabilities and a central indexing system that arranges uploaded files in an easy-to-understand data structure, dynamic watermarks that display an individual message on each document when they are printed or viewed and 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 a sophisticated VDR that is suitable for a variety of businesses. It’s suitable for complicated 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 solution is backed up by a variety of security certificates, including ISO 27001 and SOC 1/2/3.