Data room software is a convenient and effective solution to safely exchange important information with investors or partners. Commonly used in due diligence and M&A deals virtual data rooms (VDRs) provide secure storage for documents exchange and discussions that can accelerate negotiations and close deals.
Choosing the best VDR for your needs requires evaluating features like security certifications for users, user authentication and file management. You’ll also want to consider the options for customization, app accessibility and price.
This VDR solution lets users access the platform on any device, whether that’s an iPad or desktop, smartphone, or browser. It features a simple and user-friendly interface as well as advanced security features. Users can download and view any file format, use a built-in electronic signature, and even add notes to files with annotation. Its sharing controls are flexible and help users keep an exclusive circle of collaborators with the option of limiting uploads and view/download permissions. It also supports a range of languages and enables high-quality previews of files.
Firmex is a VDR online service that offers the user with full control of access via digital rights management. It also comes with a custom UI and unlimited client/partner accounts. Its powerful search capabilities include multilingual support, OCR, intelligent categories, and translation of files. It also lets you create a virtual data room that is customized for each project. It also provides a free trial remote mobile app wipe, and proprietary file scanning to protect against ransomware.