Secure Data Room For Business
A secure data room for business is a cloud-based solution specifically designed for the secure sharing of confidential documents and files used in business. They are utilized in the due diligence process of a deal. They provide a range of features, such as advanced permissions, Q&A tools, notes and bookmarks and multi-factor authentication. They are accessible from anywhere around the globe using any device that is connected to the internet. This makes them particularly useful for teams who work remotely, at home or at work.
Some’secure data rooms’ make a big song and dance about how secure their system is by using terms such as’most secure virtual data room’ or a ‘highly secure data room’ but the reality is that these data rooms are not any more secure than tools like Dropbox or Google Drive that use encryption to safeguard the data in storage and do not guarantee that temporary files are erased once they’ve fulfilled their purpose. It’s like the makers of cereal bars claiming its health benefits because it’s low in fat and no mention of the fact that it also has 80% sugar. For instance, a housing developer who claims a fire certification 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 businesses for their essential procedures in audits, deals and litigation, as well as procurement projects, with billions of dollars at stake. Find out more about how our Virtual Data Rooms can assist your company by contacting us now.