How to Protect Your Confidential Documents With Data Room Software Safety
While free file-sharing applications like Google Drive and Dropbox may be useful to share files with small groups, they do not offer the security level that dedicated data rooms offer. They lack the features you need to transfer sensitive business documents, such as watermarking, auditing and permission settings. This is a major problem particularly during M&A processes where a single leak can be costly for the deal and your company’s reputation.
You must use a virtual space to protect your confidential information. Firmex is a trusted platform that offers solutions to the investment banking, government, biotech, energy, and legal industries. It uses multi-layered encryption when storage and transfer of data, and has multiple servers for disaster recovery. It also offers document control and DRM such as dynamic watermarks, lock-down files and document expiration to avoid data breaches.
Box is a different good VDR. It’s cloud-based storage system which supports M&A and contract negotiations. It comes with bank-level encryption in transit and at rest, and permits you to customize www.dataroomanalytics.net/driving-success-in-ma-the-key-advantages-of-using-a-virtual-data-room-for-deal-room-management/ the data room experience by adding your own branding. It also provides high-quality previews of 30+ types of data, as well as robust activity tracking. It also comes with a wide variety of integrations to make it easier to share content with colleagues.