A virtual data room (VDR) is an secure platform used to save confidential business documents as well as information. VDRs are employed in M&A transactions, and other business processes that require large data uploads and detailed document examination. In addition to storing large files, many VDRs provide advanced features like granular users permission settings and auditing capabilities, dynamic watermarking and other security measures. Free tools for sharing files can be beneficial for everyday collaboration, but lack the security features needed to share sensitive information and documents during M&A transactions.
Choose the VDR that is secured with a strong password policy. The most secure VDRs will also allow you to track every single activity in the system and provide thorough analysis and reports. These features will improve your overall security as well as help you find roadblocks that can hinder your workflow.
When selecting a virtual data room, make sure to consider the amount of storage you will need and the number of workspaces and users that are included in the plan you select. Some providers offer a range of payment options, such as per-storage or per-page plans. Others will design a customized plan specific to the customer’s requirements and requirements.
Firmex is a top-rated VDR with competitive advantages such as messaging between users, advanced Q&A sectors and more. This virtual data room is perfect for strategic transactions and provides a 15-day free trial with 1GB of storage.