Secure data rooms are cloud-based service that enables secure sharing of confidential http://www.vdrlabs.info/3-key-components-of-an-investment-pitch-deck-that-every-entrepreneur-should-have documents and files. They are utilized in the due diligence process of an acquisition. They provide a range of options, including advanced permissions and Q&A tools, notes and bookmarks and multi-factor authentication. They can be accessed anyplace on the planet from any device connected to the internet making them particularly useful for teams working remotely or working from home, or on the move.
Secure datarooms can are known as secure datarooms. They make a lot of noise about how secure their systems are using phrases such as ‘the most secure virtual room’ or a highly secure dataroom’. But in reality, these systems are no more secure than other tools such as Dropbox or Google Drive which use encryption to safeguard data at rest, but do not erase temporary files after they’ve served their purpose. It’s the same as the makers of cereal bars claiming its health benefits due to the fact that it’s a 0% fat and no mention of the fact that it also has 80percent sugar. Or a housing developer who claims a fire certification for their timber cladding even when the building is just 12 feet away from the nearest river.
Firmex VDRs are easy to use, cost-effective and backed by 24×7 support and have been embraced by more than 120,000 companies to manage vital processes during transactions, audits, litigation and procurement projects that have billions at stake. Contact us today to find out more about our Virtual Data Rooms and how they can help your business.