In a day and age where security of data is a top priority, the best virtual data rooms are essential tools for companies of all sizes. These advanced platforms allow companies to share documents securely while ensuring that private information isn’t accessible to anyone unless they are granted permission. Unlike the file sharing tools of the past, which are good for everyday use, but do not offer the advanced level of security and auditing capabilities that VDRs offer, the top virtual data rooms offer multiple layers of secure protection that businesses can trust to protect their most sensitive files safe during transactions.
Many M&A processes require a large-scale exchange of confidential financial documents with third parties for due diligence. This volume of data calls for a robust virtual room that is easy to use and secure across all platforms. Bit’s powerful platform allows users to save, edit and view the entire company’s knowledge and keep it in one place. It is webpage able to safely import data from a variety of sources and supports all types of files.
When choosing the best virtual data room secure for your needs, look for an ISO 27081 compliant provider that offers various layers of security. This includes strong encryption with two-factor authentication to limit password theft, and granular access rights to limit who can access particular documents. It also includes digital watermarking features to stop unauthorised copies and distribution. Other features that make the most of a virtual data room include search bar, built-in spreadsheet and document viewer, as well as in-text searching to quickly find the right document.