A data room is a platform for exchange for confidential documents. Typical use cases are within interdisciplinary project work, client and lawyer communication or due diligence processes. The virtual alternative to a locked data safe offers all the advantages of a contemporary communication platform and also fully complies with the regulations for data protection.
Virtual data rooms are commonly used in Germany for a variety of business deals. This includes mergers and acquisitions as well as real estate transactions, due diligence projects, investment projects and many more.
Utilizing a virtual data room ensures that sensitive information can only be accessed by authorized users. This increases trust and security for the project. The data rooms also allow for more efficient https://dataroomconference.com/data-room-due-diligence-for-progressive-workflow/ collaboration, which helps speed up the decision-making process.
The idgard Virtual Data Room is ideal for secure collaboration with external partners, such as lawyers or clients, and for sharing information with internal teams. It’s also a great tool to establish effective board communications. The data room is easy to configure and manage. The data is secured from unauthorized access using strong encryption and passwords.
The German virtual data room provider netfiles GmbH was successfully audited in accordance with internationally accepted SOC standard that is a must for businesses that wish to comply with GDPR. The service is a member of the initiative Cloud Services Made in Germany and is a keeper of the strict EU data privacy guidelines. With its data centers in Berlin, Frankfurt and Munich The company offers a blazing speed and airtight security.