A virtual dataroom (VDR) allows you to share and store confidential files in a secure location. It is useful for due diligence, M&As and tenders as well as capital raising rounds. It also provides a better level of security than email when communicating with outside entities and minimizes the risk of sensitive information becoming leaked or lost in transit.
A VDR typically offers a simple interface and 24/7 support. The best ones are intuitive, with a short time to adopt and no need for formal training. They have a broad range of features that make conducting due diligence faster and easier, including secure communication with other parties, granular document permissions, Q&A management, customizable NDAs and drag-and drop bulk upload.
The majority of providers offer a variety of pricing options, based on features, users and storage capacity. Pay per feature is a good choice for smaller projects or one-offs. For large-scale projects and long-term usage the option of subscription plans is more appropriate.
Firmex is a cutting-edge file-sharing platform that has a high level of security. It is ideal for M&A due-diligence. It supports different file formats and is HIPAA and SOC 2 compliant. It also features an intelligent search feature, multi-level access controls, advanced tracking and usage notifications, as well as multi-level user control. Its infrastructure is secured with encryption of data and virus scanning. It is also available 24 hours a day for data recovery and a secure, online repository.