Based on a file-sharing system, Box is a quality solution for individual users. However, when Box file sharing option is complemented by security measures and sophisticated range of permissions, it becomes a dependable data room for bidding, contract negotiations, due diligence and related business deals. Equipped with innovative security systems and up-to-date functions, Box virtual data room can be a reliable platform for sharing sensitive business and financial details and documents with remote partners.
The company provides complete customization, which means that the virtual data room has exclusive company colors and logos, simple installation, innovative tracking possibilities, reporting option, access restriction and a range of other functions. Despite the vast majority of these options are provided by all the leading providers, an ability to e-sign the document and automate the tasks can contribute to the uniqueness of Box for business. Among other distinguishing features of the platform users usually single out the following:
- Security. The company features innovative SOC 2 and ISO 27001 certified programs that guarantee the safety of uploaded documents. Data backup and newest encryption version ensure your files cannot be downloaded or viewed by third parties;
- Access. Unlike many virtual data room providers, Box gives an opportunity to access all the materials and files within the VRD from a computer or mobile device. At the same time, numerous permission levels, disabled commenting and limited downloading will help you control the content access by unauthorized parties;
- The user-friendly interface of the data room allows bulk uploads, in-document linking, the feature of drag and drop, scroll-through viewer and Microsoft office integration;
- Reporting. Get notifications about each transaction within data room M&A, due diligence or financial operation. Create, export and track the reports about the activities and access within the VDR.
Box for Business Review
While bidding, due diligence, contract discussions and related processes can be rather complicated with physical data rooms, Box is a revolutionary platform that can simplify your task and guarantee the most effective collaboration. Box data room offers several beneficial opportunities, including:
- Secure uploading, storage, sending, management, and sharing of important documents;
- Improved user experience. In-browser preview, combined with a mobile access, is one of the leading options for partners to stay updated and connected;
- Document security. Up-to-date software guarantees the security and integrality of uploaded materials. Restricted personalized access and multi-layer protection contribute to Box as a dependable platform for data room due diligence, M&A, and other deals.