A virtual dataroom (VDR) lets you share and store confidential files in a secure setting. It is useful for due diligence, M&As and tenders as well as capital raising rounds. It provides a greater level of security when communicating with external parties, and minimizes the chance of sensitive information getting lost or being exposed.
Typically, a VDR offers an easy-to-use interface and 24-hour customer assistance. The most effective ones are simple, with a short adoption curve and no need for formal training. They come with a variety features that facilitate due diligence and make it quicker, such as secure communication with https://allsmarthomecompany.com/data-breach-prevention-the-benefits-of-using-data-room-software/ other users and granular access to documents as well as Q&A management. They also offer customizable NDAs.
The majority of providers also offer a range of pricing models based on the number of features, users, or storage size. Pay per feature is a great option for smaller projects and one-offs. For larger projects and long-term use, the choice of a subscription plan is more appropriate.
Firmex is a secure file-sharing platform that provides a high degree of security, suited for M&A due diligence. It supports a variety of file formats, is SOC 2 and HIPAA compliant and features an intelligent search function with multi-level user access control, advanced activity tracking and alerts about usage. Its infrastructure is secured by data encryption, 24 hour data recovery, virus scanning and an online repository that is secure.