Cloud providers provide a secure storage space for your files. Your data is stored in a datacenter, which has multiple layers of protection and redundant hardware, in the event that one server fails. Your data is safe from hackers and physical disasters such as fires and floods.
Think about your company’s needs for storage and the features offered by cloud providers when selecting a data room. The size of the virtual data room will be contingent on the number of documents that you have as well as their format (text files require less space than high-res images). Find a solution that lets you create folders based upon categories such as document type or date so it’s easy to arrange documents.
Cloud data rooms that are the best also provide advanced branding options, such as customizable About pages and logos. Digify’s enhanced branding capabilities allow you to customize every aspect of the visual design of your dataroom, such as the login page, backgrounds and email formats, and even a white-label URL.
A cloud-based data room allows M&A due diligence a lot easier, more efficient and safer by providing full control over confidential information. Both parties to an agreement have access to the VDR, and can communicate through the same place. All communications and activities are recorded as an audit trail. This protects sensitive information, like product development and financial performance to be seen by the incorrect people.