The Best Data Room Software

In addition to storing and sharing files the software offers greater capabilities for managing documents. These tools are designed to accelerate due diligence in business transactions and improve collaboration between remote teams. These tools are frequently employed as part of due diligence processes in M&A or IPO projects. The most reliable ones are marked by high-end security and control measures ideal for transactions that are delicate.

FirmRoom, an online data room that is highly reviewed by FinancesOnline and has a simple and intuitive interface, was awarded an Rising Star. It streamlines M&A processes and makes them more suitable for global capital markets and banking deals. It has a range of features including lifetime data protection, highly-managed custom permissions and advanced IRM. It’s also suitable for a wide range of industries, with notable users like Pfizer and Baird.

Nimbus Platform is a secure cloud-based file storage and sharing service that comes with collaborative office suites comprising Docs (word documents) Slides (presentations) Sheets (spreadsheets) and Forms (collaborative forms). It’s equipped with advanced search options, visual analytics, and DRM to stop accidental disclosure. More than 3,800 companies in the enterprise use it with their IT, security and compliance tasks.

Aside from providing a comprehensive array of features it also provides an extensive range of integrations with popular apps such as Slack, Salesforce and Adobe Sign. New customers can take advantage of a free trial with no commitments. It is also customizable to your company’s needs, using an easy to use API that is device-agnostic and syncs support for multiple languages. It also comes with strong security, which includes a custom security engine that safeguards against ransomware.

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