A data room is a platform for exchange for confidential documents. The most popular uses are in inter-disciplinary project management, communication between client https://dataroomconference.com/data-room-due-diligence-for-progressive-workflow/ and lawyer, or due diligence processes. The virtual alternative to the safe for data is lockable. It offers all the benefits of a modern communications tool and is fully compliant with data protection regulations.

In Germany Virtual data rooms are used for many business transactions that are confidential. These include mergers, acquisitions, real-estate transactions, investment projects and due diligence.

With a virtual dataroom it can be ensured that sensitive data is only accessible to users who have been granted access. This improves the trust and security of the project. The data rooms also facilitate greater efficiency in 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, or for sharing information with internal teams. It is also an excellent tool for effective communication with boards. The data room is simple to configure and manage. The data is secured with strong encryption and passwords that are protected from unauthorised access.

The German virtual data room provider netfiles GmbH has been audited successfully in accordance with the internationally recognized SOC standard, which is a must for businesses who want to be compliant with GDPR. The solution is a part of the initiative Cloud Services Made in Germany, and adheres to strict EU privacy regulations. The company's data centers are located in Berlin, Frankfurt, and Munich. They provide rapid speed and high-quality security.