It is important to review the different options available to select a provider who can meet your specific business requirements. You’ll want to ensure that your data is secure, accessible and easy to manage. The most reliable providers will have an easy interface, with top customer service and a flexible price model.
A Virtual Data Room (VDR) is a repository that holds and shares private documents, usually used during M&As and due diligence. It lets teams collaborate efficiently and quickly, removing the need for physical meetings and reducing time. These platforms also safeguard sensitive data from leaking and ensure compliancy. They can be set up to store a large number of files, and support a wide range of file formats.
In addition to the standard features like watermarking, protection against viruses, and activity tracking for users, some VDR service providers offer enhanced security measures to improve efficiency of workflow and reduce human error. These include security measures like network firewalls, multiple layers of encryption, and a range of access control restrictions.
FirmRoom is a solution specifically designed for financial use that provides a range of features and services that can help users store and share documents. Its advanced features include a 256 bit SSL certificate, two factor authentication and an audit trail. The cloud platform is accessible on any device and allows for real-time collaboration between multiple users. It is suitable for many industries and is supported by an expert team that provides 24/7 assistance.
