A data room is a secure place to exchange confidential documents. The most commonly used uses include interdisciplinary project management, communication between clients and lawyer or due diligence processes. The virtual alternative to a locked data safe has all the advantages of a modern platform for communication and is also fully compliant with the https://7dataroom.com/mastering-business-potential-with-data-room-ma/ laws governing data protection.
In Germany Virtual data rooms are used for many business transactions that are confidential. These include mergers, acquisitions or real estate transactions, investment projects and due diligence.
The use of a virtual data space ensures that sensitive information can only be accessed by authorized users. This increases trust and security for the project. The data rooms also facilitate greater efficiency in collaboration, which accelerates the decision-making process.
The idgard Virtual Data Room is perfect for secure collaborations with external partners, such as lawyers or clients, as well as for sharing information with internal teams. It’s also a fantastic tool for effective board communications. The data room is easy to set up and maintain. The data is secured with strong encryption and passwords against any unauthorized access.
The German virtual data room provider netfiles GmbH has been audited successfully in accordance with internationally accepted SOC standard which is a must for companies that want to be compliant with GDPR. The solution is part of the initiative Cloud Services Made in Germany and adheres to the strict EU regulations regarding data privacy. The data centers of the company are located in Berlin, Frankfurt, and Munich. They offer an extremely fast speed and a tight security.