Whether it’s M&A, capital raising, investment management or strategic reviews and tenders – the final outcomes are dependent on the secure, controlled environment that data rooms provide. Firmex’s VDR is easy to customize and use with its easy interface and flexible solution that fits your workflow.
Virtual data rooms are online databases where you can securely transmit private documents outside of your firewall. This information can include contracts, legal agreements and any other sensitive documents that your business or company has created. It is Virtual Due Diligence Tools essential that the sharing of these files be simple and quick for all parties. This means that the documents can be found easily, the structure of the files and numbering is properly organized, and the search function is effective.
The ability to remove sensitive data in bulk also assists in ensuring that confidential information will not be shared in error, or that the wrong individuals have access to the information. This is especially important during due diligence procedures, when potential buyers or investors will require access to your company’s information as part of the M&A process. It is therefore imperative that your VDR provider has this feature. Additionally, it is essential that your VDR solution can accommodate the specific needs of your business and/or region. DFIN’s Venue provides a range of AI features that can improve efficiency and accuracy during review of contracts.
