When we think of the term, we think of mergers and acquisitions. Yes, virtual data rooms are predominantly used in merger and acquisition deals. But this does not mean, they are only used in merger and acquisition deals. A virtual data room is used when enormous data has to be securely stored in one place. This blog aims to explain to you how virtual data rooms aids all businesses. Emphasis will be supplied to how virtual data rooms cater to lawyers, accountants, the banking sector, and small businesses. Whatever sector you belong to, the virtual data room provided by DCirrus is the most ideal choice.
The legal community is slowly moving towards cloud storage. The major concern for many lawyers and law firms is the security of the documents stored. Privacy is key to the legal fraternity. Lawyers swear confidentiality to their clients. Not maintaining such Confidentiality has consequences to the extent of suspension of their practice license. Owing to all the news about data breaches, a large percentage of lawyers are hesitant to switch to cloud computing. In a survey conducted by ABA, around 65% of the law firms voiced their concerns about confidentiality and security.[i]
But it has to be noted that virtual data rooms are extremely ideal for law firms and lawyers. Each case involves huge paperwork and they take up several such cases.
A virtual data room allows them, lawyers, to keep all their documents in one place. Sometimes, they have clients from different places. If documents are stored physically, they have to be transacted physically. This can invite damage or loss of documents. In a virtual data room, lawyers can create folders for each client. This is time and energy-efficient. The management tools in the data rooms will help them keep their files organized. It is important to pick the right virtual data room provider. The co-founder of DCirrus, Mr. Lalit, is a lawyer himself and understands the challenges that arise. We provide a special case management feature to lawyers and law firms; our data room is the most secure in the market. Therefore, DCirrus provides the best solution to all your problems.
Accountants and accounting firms store and transact enormous data. The documents that they deal with mostly pertain to financial information. Financial information is highly sensitive. Like the lawyers, accountants also swear confidentiality to their clients. The breach of such confidentiality has some dire consequences including suspension or cancellation of license.
However, virtual data rooms make their job convenient and efficient. They can store all their data in one place and grant access to whoever they deem fit. Virtual data rooms also make it convenient for clients, especially the ones who are from a different place. They can store and transact documents whenever they want, without worrying about the documents getting lost in transit. If they pick the right virtual data room, they can keep their documents confidential and at the same time, DCirrus gives you all the best features of a virtual data room and provides the highest level of security.
Banks are financial institutions involved in monetary transactions. The banking sector is extremely important for the growth of the economy. The primary functions of a bank are accepting deposits and lending money. Each bank has several customers. Some customers deposit money, some borrow money and some customers authorize banks to perform activities such as bill payments, investment, and so on. This only means that they receive a large amount of information regularly. The information they receive is financial, which is extremely sensitive. People have the right to keep their financial information private. Therefore, banks have to keep the information of their clients secure. Virtual data rooms are perfect for all financial institutions. They can store a large file, securely. Search for files easily using the smart search feature and grant access to only those necessary. This saves a lot of paperwork and time.
Small businesses are comparatively smaller than companies. However, they store and transact a huge amount of data. One has to keep it in mind that unlike the companies, smaller businesses have limited resources to work with. They need storage spaces at affordable prices. A virtual data is very helpful as it allows them to store all their data in one platform. This reduces overhead costs to a large extent. Once they invest in virtual data rooms, they can make use of the overhead costs for something else. This increases efficiency and productivity. Virtual data rooms are highly cost-efficient. Choosing DCirrus, you do not have to worry about losing files or reputation as a consequence of a data breach.
DCirrus is the best virtual data room provider in the market. We provide the most secure data room with the management tools to increase your efficiency and productivity. All of this at very affordable prices. The following are some of the prominent features that make our data rooms the best in the market:
From storing your files to transacting them, everything is secure with Cirrus. We provide the highest level of security. Your data is localized, you will know where your data is going. We encrypt your data at multiple levels. We provide multiple-factor authentication and verification, including SMS verification. You can access your data from various devices and we ensure each device is secure. Transferring files is extremely secure. You can decide what the receiver does with your files. The risk of a data breach in transit will decrease to a great extent. Each of your documents can be, this reduces the chance of misuse.
DCirrus makes use of the state of art facilities of Amazon web services (AWS). This gives you unlimited storage space. You will never have to worry about running out of space. You will always have enough space with DCirrus.
To increase your productivity and efficiency we provide some tools. The smart search feature helps you look for files easily and saves you a lot of time. The drag and drop upload feature allows you to upload a large number of files easily. It does not require high-speed internet and hence, you can work from anywhere.
Monitor your files easily with DCirrus. When you transfer your files, you can restrict the receiver to only viewing. This will disallow them from downloading or copying the documents to another device. You can also choose to completely delete the document from their system after one view. Manage what your employees are doing with the files and reduce the risk of an internal slip.
We provide a degree verification feature to universities and employers. This fastens the process of a background check. Further, since our software is extremely secure, you do not have to worry about compromising your data.
We offer all of the above-mentioned features and many more at very affordable prices. An overlook at other data room providers will tell you that our virtual data rooms are the most affordable. And remember, the small price you pay is for the highest security and privacy of your data. Request a quote here: https://dcirrus.com/request-quote/
The above mentioned are only some of the features of our data rooms. Browse through the rest of the features here: https://dcirrus.com/
We provide the most secure virtual data rooms. Choose Dcirrus today!