A secure data room for business is a cloud service specifically designed to secure sharing of confidential documents and files for business. They are used for the due diligence process during the negotiation process and offer an array of options, including advanced permissions, Q&A tool bookmarks and notes with watermarking and multi-factor authentication to manage access and make sure that only those authorized to see the information are able to access the information. They are accessible anywhere in the world using any device connected to the internet. This makes them ideal for teams who work remotely, from home or in the office.
Some’secure data rooms’ have a huge song and dance about how secure their system is with words like’most secure virtual data room’ or a highly secure data room’ however the reality is that they are no more secure than tools like Dropbox or Google Drive that rely on encryption to safeguard data in the cloud and don’t ensure that temporary files are removed after they’ve been used for. It’s like a cereal bar maker claiming its health benefits because it is a low fat product and no mention of the fact that it also contains the majority of sugar. A housing developer who claims to have a fire-proof certificate for their timber cladding though the building is 12 feet from the nearest river.
Firmex VDRs are regarded as a trusted service by more than 120,000 companies for their crucial procedures in audits, deals and litigation as well as procurement projects, with billions of dollars at stake. Contact us today to learn more about our Virtual Data Rooms and how they can help your business.
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