Secure data rooms are cloud-based service that enables secure sharing of sensitive documents and files. They are used in the vdrlabs.info/3-key-components-of-an-investment-pitch-deck-that-every-entrepreneur-should-have/ due diligence process of an agreement. They offer a variety of features, including advanced permissions and Q&A tools, notes and bookmarks and multi-factor authentication. They are accessible from any location in the world using any device that is connected to the internet. This is particularly beneficial for teams working remotely, from home or at work.
Some’secure datarooms’ make a big fuss 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 aren’t safer than programs like Dropbox or Google Drive that employ encryption to secure the data at rest but do not delete temporary files after they have served their purposes. It’s like a company that makes food insisting on how healthy their cereal bar is because it is a 0% fat food whilst not bothering to mention that it’s also 80% sugar or a housing developer claiming a fire certificate for their timber cladding when the building is actually 12 feet away from the nearest river.
Firmex VDRs are easy to use, cost-effective and backed by 24/7 support and have been trusted by over 120,000 companies to run mission-critical processes during deals audits, litigation, and procurement projects that have billions at stake. Find out more about the ways our Virtual Data Rooms can benefit your business by contacting us now.
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