www.royaldataroom.com/6-best-virtual-data-room-providers/

A virtual data room is an extremely efficient and effective way of securely sharing private documents with third parties during due diligence. It is often employed in M&A scenarios however it can be useful in legal cases or corporate transactions, as well as other scenarios which require sharing sensitive corporate information.

VDR providers vary greatly in terms price, functionality, user-friendliness, and customer service. It is important to evaluate all options prior to making a final decision. Look for features such as simple collaboration between all parties, a broad range of file formats including platform-specific viewing, and the ability to customize the UI. Some VDRs offer a trial period which allows you to test the platform before making an investment.

The way a provider handles permissions is among the most important aspects to take into consideration. Many VDRs provide different levels of access, including read-only, comment and full administration. The details of each setting have an enormous impact on project efficiency and collaboration. Customizing these settings allows you to ensure that only right people have access to documents, and helps prevent leaks of data.

Additionally, a reputable VDR provider should offer multiple security implementations to protect files from threats and attacks. These include a layered approach to security with multi-factor authentication, electronic watermarking, secure backups, ISO 27001 certification, and various other security measures. Firmex includes all of these features, and more. It can be customized to your company’s business workflows and IT systems. The result is a durable flexible and adaptable solution that is able to work across a range of industries such as pharmaceuticals, financial services and clinical research, mining and real estate management.