When you need to store your data, cloud vendors provide a secure location for your files. The servers your data is stored on are located in a data centre that is protected by several layers of security and they offer redundant hardware in case one server fails. Your data is secure from natural disasters and hackers like flooding and fires.
When choosing a cloud-based data room be sure to consider your organization’s storage requirements as well as the features the service provides. The size of your virtual data room depends on the number of documents and their format. Text files take up less space than high resolution images. Find a solution that lets you create folders that are based on categories such as document type or date making it easy to organize files.
Cloud data rooms that are the most effective also have advanced branding options, like customized About pages and logos. Digify’s Enhanced Branding capabilities allow you to fully customize the appearance of your data room, including the login screen backgrounds, backgrounds, email layouts and even white-labeled URLs.
Cloud data rooms help make due diligence for M&A much simpler, safer, and more efficient. They give you full control over confidential information. Both parties to a deal can access the VDR and communicate in the same spot with all communications and activities is recorded as an audit trail. This prevents sensitive information like patents, financial results, and product development from being viewed by the wrong people.