Data Room Software Overview

A virtual dataroom (VDR) provides an secure storage platform for time-sensitive business documents and information. Data room software is typically used to facilitate information sharing between multiple parties during due diligence procedures before M&A. VDRs are also utilized to facilitate collaboration and remote access via cloud storage. They are the ideal solution for collaboration on complicated deals.

FileCloud is a powerful online data room solution. It offers a high-level of security that includes unlimited versioning and secure encryption. The solution also allows multi-tenancy for businesses of all sizes. FileCloud allows for the creation of multiple sites/tenants each with its own access settings and roles.

The platform offers an easy-to-use interface with drag-and drop and bulk upload features, a centralized indexing system that organizes uploaded files into an easy-to-understand data structure dynamic watermarks that show a customizable message on each document when they are viewed or printed and granular controls such as sharing expiry for sensitive documents. Other features include integrations with popular software and services, such as Microsoft Office and Slack.

Firmex is a VDR with advanced features that are suitable for a wide range of businesses. It can be utilized in 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 up by numerous security certifications, including ISO 27001, SOC 1/2/3 and GDPR.