Secure data rooms are a cloud-based system that allows the secure sharing of confidential files and documents. They are used for the due diligence process during a deal and provide a wide range of features, such as advanced permissions Q&A tool notes and bookmarks as well as multi-factor authentication to limit access and ensure that only those who are authorized to access the information are able to do so. They are accessible from any location on the planet using any device connected to the internet. This is particularly beneficial for teams who work remotely, from home or at the office.
Some “secure datarooms” are known as secure datarooms. They make a lot of noise about how secure their systems are with terms like’most secure virtual room’ and ‘highly secure dataroom’. But in reality they are not more secure than other tools such as Dropbox or Google Drive which use encryption to safeguard the information at rest, but do not delete temporary files after they’ve fulfilled their purpose. It’s like a manufacturer of food focussing on how healthy their cereal bar is since it is a 0% fat food while ignoring that it’s also 80 sugar-free or a housing developer claiming to have a fire certificate for their timber cladding when the building is in fact 12 feet from the nearest river.
Firmex VDRs are simple to use, affordable and backed by 24/7 customer support and have been embraced by more than 120,000 companies to run critical processes in deals, audits, litigation and procurement projects with billions at stake. Contact us today to find out more about our Virtual Data Rooms and how they can benefit your business.
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