Data Room Software Overview

Data Room Software Overview

A virtual dataroom (VDR) offers a secure platform for storing important business documents that are time-sensitive and also information. Commonly used for due diligence procedures prior to M&A Data room software facilitates information-sharing among various parties. VDRs also support 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 that has a lot of power. It provides a high degree of security through automatic unlimited versioning, secure encryption and much more. The solution also allows multi-tenancy, which is great for all businesses. Multiple tenants or sites can be created on 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, a centralized indexing system that organizes uploaded files into a clear structure for data dynamic watermarks that show a customizable message on each document whenever they are viewed or printed, and granular controls like sharing expiry on sensitive documents. Other features include integrations with popular applications and services like Microsoft Office and Slack.

Firmex is an advanced VDR that is suitable for a variety of businesses. It’s suitable for complicated processes like diligence, and has a variety third-party integrations, which 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 software is backed by extensive security certifications like ISO 27001, SOC 1/2/3, and GDPR.