Secure Data Room For Business
A secure data room for businesses is a cloud service designed specifically for the secure sharing of confidential documents and files used in business. They are used during the due diligence phase of an acquisition. They offer a range of features, such as advanced permissions, Q&A tools, notes and bookmarks and multi-factor authentication. They can be accessed anywhere around the globe from any device connected to the internet so are particularly useful for teams working remotely or working from home, or on the move.
Secure data rooms can have a huge song and dance about how secure their system is by using terms such as’most secure virtual data room’ or ‘highly secure data room’, but the reality is that these systems are not any more secure than tools like Dropbox or Google Drive that use encryption to safeguard the data in storage and don’t ensure that temporary files are erased once they’ve fulfilled their purpose. It’s the same as a cereal bar manufacturer touting its health benefits as it has 0% fat, but not mentioning that it also has more than 80% sugar. Or a developer of housing who claims to have a fire certificate for their timber cladding even that the building is located 12 feet away from the closest river.
Firmex VDRs are trusted by more than 120,000 businesses for their crucial processes in deals, audits and litigation, as well as procurement projects, with billions of dollars at stake. Find out more about how our Virtual Data Rooms can benefit your business by contacting us today.
