While free file-sharing tools such as Google Drive and Dropbox may be useful for sharing files with small groups, they don’t offer the same level of security dedicated data rooms offer. The truth is that they do not come with the permission settings and auditing capabilities, watermarking, or other features that you require when sharing sensitive business documents. This is a huge issue particularly during M&A processes where a single leak can be costly for the deal and your company’s reputation.
You should utilize a virtual data space to safeguard your private information. Firmex offers solutions for investment banking, biotech, government, energy and legal sectors, and is one of the most reliable platforms in its field. Firmex employs multi-layered encryption when transfer and storing data and has multiple servers for disaster recovery. It also offers document control and DRM, including dynamic watermarks, lock-down files and even lock-downs. Document expiration can also be used to prevent data breaches.
Another www.dataroomanalytics.net/driving-success-in-ma-the-key-advantages-of-using-a-virtual-data-room-for-deal-room-management/ excellent VDR is Box, a cloud storage solution that can be used for bidding, M&A, and contract negotiations. It provides bank-level encryption both during transit and while the data is in storage. You can also customize your data room with your own branding. It also has high-quality previews for more than 30 types of files and robust activity tracking. It also provides a range of integrations that make it simple to share content.