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Data Room Software Overview
A virtual dataroom (VDR) provides a secure platform for storing important business documents and other information that is time-sensitive. Data room software is typically used to facilitate information sharing among multiple parties during due diligence processes before M&A. VDRs are also used to support collaboration and remote access via cloud storage. They are a great choice for collaborating on complex deals.
FileCloud is an online data room that provides a lot of power. It provides a high level of security through automatic unlimited versioning, secure encryption and much more. It also supports multi-tenancy which is great for companies of all sizes. FileCloud allows the creation of multiple sites/tenants each with its individual access settings and roles.
The platform features an easy-to use interface with drag-and drop and bulk upload options, a centralized data structure that organizes uploaded documents, dynamic watermarks which display a customizable message when printed or viewed and granular controls such as share expiry for files that are sensitive. Other features include a variety of integrations with popular third-party applications and services, including Microsoft Office and Slack.
Firmex is an VDR with advanced functionality that’s suitable for a range of companies. It can be used by complex processes like diligence and comes with a variety of third-party integrations to facilitate collaboration between companies. 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 extensive security certifications like ISO 27001, SOC 1/2/3 and GDPR.
