In addition to sharing and storing files, a data room software also provides greater capabilities for managing documents. These tools are designed for accelerating due diligence in business transactions and enhancing collaboration between remote teams. They are typically used as part of the due diligence process for M&A and IPO projects. The most reliable ones come with high-end security measures and control measures that are ideal for sensitive transactions.
Awarded as a Rising Star by FinancesOnline, FirmRoom is a top-rated online virtual data room with a simple and easy interface. It simplifies M&A processes and enhances them for global banking and capital markets deals. It provides a range of options, including lifetime data security high-managed due diligence checklist permissions, highly-managed permissions as well as advanced IRM. It’s also suitable for a variety of industries, with well-known users like Pfizer and Baird.
Nimbus Platform is a secure cloud-based storage and sharing platform that includes collaborative office suite programs including Docs (word documents) Slides (presentations), Sheets (spreadsheets) and Forms (collaborative forms). It’s equipped with advanced searching options, visual analytics, and DRM to protect against accidental disclosure. More than 3,800 enterprise organizations have a trust in it with their IT, security, compliance, and other tasks.
The software for data rooms offers an array of integrations. It includes popular apps such as Slack, Salesforce, and Adobe Sign. New customers can avail of a no-cost trial. It can also be tailored for your business, with an easy-to-use API as well as a device-agnostic synchronization and support for multiple languages. It also comes with strong security features, including a unique security system that guards users against ransomware.