Docully is a secure document sharing platform designed for businesses, from the company in Dubai. It is crafted to secure sensitive business documents to be shared instantly with both internal & external users. Docully further enables the document owners to decide which documents shall be accessible to which set of users, till when & how can the users use them. It further logs every document access trail & user activity to meet business intelligence, regulatory & compliance requirements.
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Firmex Virtual Data Room
Score7.4 out of 10
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Firmex in Toronto offers a Virtual Data Room touting bank level security and customizable DRM, as well as two-factor password access and authentication and compliance with strict international privacy laws (e.g. HIPAA, SOC 2, UK Data Protection Act, etc). Beyond this the VDR offers tracking and versioning, dynamic watermarking, and other security and collaboration features.
Docully Deals Platform is a virtual data room solution that is designed with security as the top priority, it has the power to encrypt and store data on secure servers with access controls to prevent unauthorized access. It is a platform that gives us the safe and fascinating experience of keeping data discreet and confidential as a secure file sharing.
Firmex Virtual Data Room is well suited to complex mergers and acquisition transactions. For example, we recently used it when acting for a potential purchaser involved in an auction transaction for a business unit worth approximately $1 billion. In that scenario, the vendor uploaded all of the documents to the data room and each of the bidders (and each of their lawyers, outside accountants, etc.) had access to the same documents. There were over 1000 documents uploaded to the data room (the index was around 100 pages I think), so it was a good way of managing such a large volume of documents, and such a large volume of users.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
Docully Deals Platform works perfectly for us thanks to the fact that it is a reliable and secure virtual data room for strategic transactions, it works for us for massive uploading of files and detailed monitoring of activities.
It is a perfect platform that adjusts to the needs of my organization, offering solutions that help us when sharing files and mass uploading of users, making the processes simple and safe.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
Docully Deals Platform is a virtual data room solution that works perfectly with flexible and intuitive features, it is a platform that provides benefits of productivity, security and reduction of workload, providing positive and immediate benefits to companies, it works very well without limitations It is complete and provides a unique and satisfying experience.
This is a bit of a stretch, because as far as I know, no data room provides this, but I think it would be interesting if they added a feature to manage supplemental due diligence requests. In almost every transaction I've been involved with, the buyer has supplemental due diligence requests, either because the seller did not want to provide a document or because they did not think it was sufficiently material (or they just forgot!). These supplemental requests get handled separately, using a Word or Excel document, but I think it would be nice if it could be handled directly in the data room. The reason this would be handy is that you could include dynamics links in the questions (Page 2 is missing from Document 1.1.2 - and then there is a link right to Document 1.1.2) and in the answers (See Document 3.3.4 for the missing financial statements - and then there is a link right to the missing document).
This is partly on the users, but I do not like it when a data room allows you to delete a document without there being an ongoing reference to the deleted document. It makes it hard for the other side (the purchaser) to keep straight the numbering of the due diligence documents. At a minimum, the software should just keep the numbering of the documents the same with an "Intentionally Deleted" next to the deleted document.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
Docully Deals Platform is a virtual data room platform that improves the way we keep files, information and data safe. It is a solution that works safely, simply and effectively helping companies to securely archive data Confidential, avoiding information leaks and keeping everyone's data. It is a solution that provides excellent solutions, features that fit our needs.
I think Firmex has one of the best visual displays -- I like its basic user interface a lot. It's easy to recommend that clients use it who have no prior datasite experience because they onboard quickly. It is far more intuitive than Dropbox and has more organizational capabilities. Merrill is a close competitor as it also offers a sleek design and user friendly interface.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
Docully Deals Platform is an excellent virtual data room tool that has significantly improved productivity, increased workflow, cost reduction, time savings and maximum security.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
