The most secure virtual data rooms are compliant with security standards, allow granular user permissions and provide options like dynamic watermarks that prohibit copying, saving and printing which makes it hard for cybercriminals take advantage of confidential documents. It doesn’t matter if it’s for M&A or fundraising, companies that need to share documents with a third party require the right tools to safeguard sensitive information and ensure that business operations running smoothly.
When it comes time to select a virtual data space, there are a variety of options to choose from that can be suited to different businesses, but a majority of these companies lack crucial functions. It is important to read reviews on respected software review websites to determine if the company has the features you require to conduct your business. You can also look into other services that are typically included with the virtual data room.
Some of the best-known virtual data room providers are traditional, with a background that goes back to pre-Internet days and a well-known brand. They include RR Donnelley, Intralinks and Datasite. They are known to be feature-heavy and were specifically designed for M&A because due diligence is a process that requires an extensive examination of documents. However, they usually cost a lot and may not meet the requirements of smaller deals.
Other providers are more innovative and more modern. Firmex is an example of a rising-star that offers the usability and safety of larger players, but also offers the cost-savings associated with a start-up. The company is trusted by a wide range of industries. It offers advanced user settings as well as an ISO 27001 certificate, as and other compliance protocols. Users will appreciate its easy interface and simple functions.
