A data room is a secure place to exchange confidential documents. The most frequent uses include interdisciplinary project management, communication between client and lawyer or due diligence processes. The virtual alternative to a locked data safe gives all the advantages of a modern communication platform and is also fully compliant with the regulations for data protection.
In Germany, virtual data rooms are utilized in Germany for many confidential business transactions. These include mergers, acquisitions and real estate transactions, investment projects and due diligence.
Utilizing a virtual data room ensures that the sensitive information is only accessible to authorized users. This improves security and trust during the course of project work. The data rooms also facilitate greater efficiency in collaboration, which speeds up resource https://digitaldataroom.net/revolutionize-board-meetings-with-our-an-in-depth-overview-of-onboard-board-portals/ the decision-making process.
The idgard virtual room is perfect for secure collaboration with external partners, such as lawyers or clients, as well as for sharing information with internal teams. It’s also a great instrument for establishing effective communication between boards. The data room is easy to establish and manage. The data is secured from unauthorized access with strong encryption and passwords.
The German virtual dataroom provider netfiles GmbH was successfully audited according to the internationally-recognized SOC Standard, which is essential for companies who want to be compliant with GDPR. The solution is part of the initiative Cloud Services Made in Germany, and adheres to strict EU privacy standards. With its data centers in Berlin, Frankfurt and Munich The company offers a blazing speed and secure airtightness.