A data room application offers more than the ability to store and share files. It also offers advanced document management features. These tools are designed to accelerate due diligence in business transactions and increase collaboration between remote teams. They are usually used in due diligence processes in M&A and IPO projects. The top ones have top-of-the-line security measures and controls that are perfect for sensitive transactions.
FirmRoom, an online data room that is highly rated by FinancesOnline and offers a simple and easy interface, was named as a Rising Star. It streamlines M&A and enhances processes for global capital market and banking deals. It includes a range of features that include lifetime data protection, highly-managed custom permissions and advanced IRM. It is also suitable for a wide variety of industries, including renowned users such as Pfizer and Baird.
Nimbus Platform is a secure cloud-based file storage and sharing system that features collaborative office-suite programs including Docs (word documents), Slides (presentations) Sheets (spreadsheets) and Forms (collaborative forms). It’s equipped with advanced search options, visual analytics and DRM to protect against accidental disclosure. It’s a trusted tool for security, IT and compliance professionals of more than 3,800 enterprise organizations.
In addition to offering a broad range of features it also offers a wide range of integrations with popular apps like Slack, Salesforce and Adobe Sign. It offers a free trial for new customers with no strings attached. It can also be tailored for your business, with an API that is simple to use, device-agnostic sync, and support for multiple languages. It also comes with a robust security, including a proprietary security engine that guards against ransomware.
https://vdrduediligence.info/data-security-demystified-inside-virtual-data-rooms/
