Data Room Software Overview

A virtual data room (VDR) is an online secure platform for storing and sharing time-sensitive documents and business data. Often used for due diligence processes prior to M&A, data room software allows sharing of information between various parties. VDRs are also utilized to facilitate collaboration and remote access via cloud storage. They are an excellent option to collaborate on complex deals.

FileCloud is a highly effective online data room solution. It offers a high degree of security with automatic unlimited versioning, secure encryption and more. It also supports multi-tenancy, which is a great feature for companies of all sizes. Multiple sites/tenants can be created on a single instance of FileCloud, each with its own unique site-specific access settings and user roles.

The platform features an easy-to navigate interface that includes drag-and-drop and bulk upload options, a central data structure that organizes uploaded documents, dynamic watermarks which display a personalized message when printed or viewed and granular control options like share expiry for sensitive files. Other features include integrations with well-known software and services such as Microsoft Office and Slack.

Firmex is a sophisticated VDR that can be used by many companies. It is suitable for complex processes such as diligence, and comes with a variety of 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 solution is supported with a number of security certificates including ISO 27001 and SOC 1/2/3.

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