Nowadays, almost everything is run on the internet. Many companies and businesses are now shifting their backlog to decentralized locations. For those organizations dealing with third-party or sensitive information, managing these details can be done better with the virtual systems. We have compiled this list to inform you about the top five virtual data room companies in 2020.
1. Firmex.com
Firmex is one of the best data rooms and is widely used for a plethora of processes, such as compliance, diligence, and litigation. Many companies choose it since it is secure and utilizes document control and DRM, such as dynamic watermarks, custom permissions, document expires, and lock-down.
Therefore, this might be the best platform for transmitting, exchanging, and collaborating with confidential documents. This system features ideal solutions for biotech, investment banking, energy, government, and legal industries.
The platform has been carefully designed for non-technical users. You can easily set up your project with drag and drop features. The platform, therefore, helps you organize your files and documents by bulk.
2. Box.com
Box.com is a virtual data room that is designed on a simple data-sharing system. Students and large companies can use it to move the workload to decentralized locations.
Note that the VDR system on the box lets you get highly sophisticated security for all types of documents. These features make it ideal for sharing sensitive organizational data with relevant individuals.
The platform is ideal for enhanced collaboration among workers looking to work on a project. In real-time, the platform can be used by individuals located in different parts of the globe.
Its key features include perfect customization with logos and organizational colors, access expiry, easy installation, uploading, limitations on previewing, and printing documents.
3. CitrixShaerfile.com
This is a modern digital file-sharing service that is mostly used by businesses and real-time teams to work on projects. What makes it stand out is the fact that it automates workflows to ensure smooth processes involving the transmission of feedback, co-editing, requesting approvals, and acquiring legal e-binding approvals. These features make it improve productivity.
This platform is ideal for both personal and professional use. Its design qualifies it as an easy-to-use platform, so you don’t have to be tech-savvy to gain from it. It comes with sturdy third-party integration. Its data securing feature is flexible and highly secure.
It provides you with a wide range of sophisticated security capabilities such as multi-level access, granular permissions, and SSL/TLS 256-bit encryption. The extended customisation lets you regulate your security preferences.
4. GoogleDrive.com
This is one of the most popular cloud storage platforms. It features a fantastic office collaboration capability, and a word processor, spreadsheet program, and presentation. It might be the best choice if you are looking for an outstanding online collaboration platform.
You will enjoy almost unlimited storage space, more so if you leverage Google productivity files and apps such as videos, images, and documents. For individual users, there is a free 15 GB storage space, which should just be enough.
This platform enhances collaboration and can make you highly productive. It comes with a program known as Docs, which can read word documents, slides (PowerPoint presentations), and sheets (spreadsheets). Other features include Drawings and Forms.
5. V-Rooms.com
This platform has existed in the virtual data room market for more than ten years and has consistently ensured high-quality, productive features. It features VDR that is specifically designed to simplify the life of deal-makers, storage, data managers, and file exchanges.
The platform is highly safe and only allows those who undergo the two-step verification process to access them. This makes it one of the best places for collaborators who feel that privacy is their top priority.
The room administrators use digital rights management to ensure that safeguard documents are shared between or among parties. They also prevent the misuse of data because they control document saving, printing, and sharing. They also regulate the withdrawal process of documents.
Conclusion
These data room platforms are still the key players in the market. They have amazing features to ensure that sensitive data and information does not leak to unauthorized people. We hope that this review helps you pick a platform that has enough features to suit your preferences.