Cloud providers offer a secure storage space for your files. Your data is stored in a datacenter which includes 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.

Consider your company’s requirements for storage and the features offered by cloud providers when selecting a data room. The size of your virtual data room will depend on the quantity of documents you have and the format they are. Text files require less space than high resolution images. It is recommended to choose a solution which allows you to create folders that are categorized by categories, such as document type and date. This makes it easier to organize your files.

The top cloud data rooms also allow advanced branding options for your business logo colors, colors, and an individualized About page. Digify’s enhanced branding features allow you to customize all visual aspects of your dataroom. This includes the login page, backgrounds emails, and even a white-label URL.

A cloud data room can make M&A due diligence a lot easier, more efficient and safer, by allowing full control over confidential information. Both parties to an agreement have access to the VDR, and can communicate from the same location. All communications and activities are recorded as an board room audit trail. This helps to prevent sensitive information, such as product development and financial performance from being viewed by the wrong people.