Data room providers can offer various options for managing the documents that users upload. They can set up granular permissions for access, sensitive files with watermarks tracks downloads, remove screenshots, and much more. Moreover, established vendors of virtual data room usually provide additional support services for an extra cost. This is a good investment for large-scale projects or transactions that require security.
Many law firms and financial institutions use VDRs as part of the due diligence process. They require an encrypted platform to transmit confidential information to clients and other stakeholders. A trusted virtual data room provider can make the whole process more efficient, less time-consuming and less stressful for all parties involved. They can also provide numerous useful features, including view as and an user interface that is easy to use.
M&A deals typically comprise a substantial amount of sensitive information that requires to be discussed and stored in a secure manner. Consequently, M&A teams search for the most functional, easy-to-use and effective virtual data room that will protect their private information from hackers and prevent any unauthorized access to the documents.
Firmex is an online data room used by professionals to perform a variety of business processes, such as diligence, compliance and litigation. It is suited for any kind of business, and comes with advanced features, such as drag-and drop an application that is multilingual and mobile support. Security features include two-factor verification, IP and time restrictions and a robust watermarking system. It also has a wide range of useful reporting tools.