In a time when security of data is an issue and the best virtual data rooms are essential tools for companies of all sizes. These advanced platforms enable companies to share documents in a safe and secure environment and ensure that all parties cannot see confidential information unless they’ve been granted the permissions to access it. Unlike simple file sharing tools that are fine for daily use, but don’t have the security features and auditing capabilities that VDRs provide, the best virtual data rooms offer numerous layers of security that businesses can trust to keep their most sensitive documents secure during transactions.
Many M&A processes require a large-scale exchange of financial documents that are confidential with third parties for due diligence. This huge amount of information calls for a strong virtual room that is easy to use and secure across all platforms. With the capability to securely import data from multiple sources and support all file types, Bit offers a powerful platform that allows users to securely store, view and edit, share and manage all company data in one place.
Look for a company that is ISO 27081-compliant and provides several layers of security. This includes strong encryption techniques that use two-factor authentication to limit the theft of passwords, flexible permission settings to regulate who has access to specific files and digital watermarking see this page capabilities to stop unauthorised copying and distribution. A virtual data room can be improved with a search function, an integrated spreadsheet and document viewer, and using text search to find the correct document.