Secure data rooms are cloud-based service that allows secure sharing of sensitive documents and files. They are used in the due diligence phase of the process of negotiating. They offer a wide range of features, such as advanced permissions, Q&A tools, notes and bookmarks and multi-factor authentication. They can be accessed from anywhere in the world via any device that is connected to the internet. This makes them particularly useful for teams that work remotely, whether at their homes or offices.

Secure datarooms make a big fuss about how secure their systems are with phrases like’most you can check here secure virtual room’ or a highly secure dataroom’. But in reality they’re not safer than programs like Dropbox or Google Drive which use encryption to safeguard the information at rest, but do not delete temporary files once they’ve fulfilled their purpose. It’s like a food manufacturer focusing on the health benefits of their cereal bar is since it has zero fat whilst not bothering to mention that it’s also 80 sugar free or a residential developer claiming a certificate of fire for their timber cladding, when the building is actually only 12 feet from the nearest river.

Firmex VDRs have been trusted by more than 120,000 companies for their vital processes in the areas of audits, deals and litigation as well as procurement projects with billions of dollars at stake. Find out more about the ways our Virtual Data Rooms will benefit your company by contacting us today.