A virtual dataroom (VDR) is an online platform that is used to store confidential documents and information. VDRs are commonly used in M&A transactions and other business processes that require huge data uploads and thorough document scrutiny. Many VDRs can store massive files and include advanced features, such as the ability to customize permissions auditing, dynamic watermarking, and other security measures. While free file sharing tools are useful to collaborate on files in everyday use however, they aren’t armed with the same security features that are required to share sensitive documents and data during M&A deals.

To ensure the security of your VDR ensure you choose one that is encrypted and has a robust password protection policy. The most secure VDRs will allow you to keep track of every activity within the system and provide comprehensive analysis and reports. These features will enhance your overall security and help you discover obstacles that Website could hinder your workflow.

Consider how much storage you will need, as well as the number of workspaces and users included in the plan you select. Some providers offer a variety of payment options, including per-storage, by page, or a custom plan that is based on the needs of the customer and requirements.

Firmex is a highly-rated VDR with competitive advantages like user to user platform messaging, advanced Q&A sectors and much more. This virtual data room is great for transactions that are strategic. It gives you a 15 day free trial with 1GB storage.