SecureDocs Virtual Data Room: Safe and Fast Document Management
Fastest virtual data room for secure and simple management of sensitive corporate documents. SecureDocs Canada is suitable for small projects and long-term projects.
What is SecureDocs VDR
SecureDocs is a user-friendly virtual data room to get deals done. It is designed to manage, store, and share confidential documents both internally and externally. This data room is used by companies around the world, of all levels and sizes.
SecureDocs data room is best for:
- Mergers and acquisitions
- Due diligence processes
- Corporate fundraising
- Strategic partnerships
- Litigation
- Bankruptcy proceedings
Pros and cons of SecureDocs
Here are the main advantages and disadvantages of SecureDocs VDR:
Pros
- Affordable flat fee pricing: Flat fee pricing for a month includes unlimited users.
- Ease of set up and use: With SecureDocs, you can start immediately, no need to wait for hours to set up the data room.
- Robust security features: Two-factor authentication, advanced encryption, restricted access requests, and audit trail reports are just a few of the many security features they provide to keep your documents safe.
- Unlimited users and unlimited documents: This is highly scalable and cost-effective for businesses handling large volumes of data.
- Built-in electronic signature: Allows users to create, send, and securely sign documents directly within the data room.
- Customizable permission-based user roles: Administrators can manage user permissions with granular access controls.
Cons
- Limited QA functionality: For some users, the QA feature might lack advanced functionalities such as auto-routing questions to subject matter experts.
- Lack of multilingual interface: SecureDocs does not support multiple languages. This can be a limitation for businesses that prefer interfaces in their national languages.
- Subscription termination: Some users might find it inconvenient that they must contact SecureDocs support to terminate their subscription.
Pricing and tariff plans
SecureDocs virtual data room offers transparent flat fee pricing starting at $250. There are three main plan options designed to cater to different business needs:
3-Month Plan
- Cost: $400 per month, billed quarterly.
- Suitability: ideal for short-term projects, such as M&A due diligence, asset sales, or bankruptcy proceedings.
- Features: unlimited users and documents, but lacks Single Sign-On in some configurations.
12-Month Plan
- Cost: $250 per month, billed annually.
- Suitability: best for long-term projects or businesses that require ongoing secure data storage and management.
- Features: the same benefits as the 3-month plan, plus $ 250-month includes unlimited users and documents.
Volume Packages (Customizable Plan)
- Cost: customized pricing based on client needs.
- Suitability: designed for businesses managing multiple complex transactions simultaneously.
- Features: a tailored solution with flexible pricing for high-volume users.
SecureDocs also offers a free trial for those who want to check out how the program works without any commitments. There is a 14-day trial period available for all plans. The pricing model ensures that there are no additional charges beyond the fixed monthly fee.
Deployment and support
SecureDocs offers a quick and easy deployment process. The entire setup takes as short as 10 minutes and doesn’t require any complex skills. Users can easily upload documents using a drag-and-drop interface. This makes it simple to populate the data room quickly.
On top of 10 minutes & affordable flat fees, SecureDocs, Inc provides a round-the-clock industry-leading customer support team. Their clients get a dedicated project manager who can help manage and troubleshoot issues.
On their official website, you can discover valuable insights and training videos to get familiar with its features and functionalities. Email support is also a part of the comprehensive support package offered by SecureDocs data room.
Security features
Besides unlimited document storage and a user-friendly interface, SecureDocs delivers a secure data protection capability. Some of the key security features include:
- 256-bit Encryption for data protection. All docs stored in this secure data room are protected by 256-bit encryption both at rest and in transit to prevent unauthorized access.
- TLS 1.2 encryption that secures data during transmission.
- Hourly encrypted backups allow to ensure recovery in case of hardware failures or software issues.
- Multi-factor authentication prevents unauthorized access.
- SecureDocs uses certified Amazon Web Services (AWS) data centers that are equipped with firewalls, segmentation, intrusion detection, electronic key cards, pin codes, and biometric hand scans.
- Customizable permissions allow administrators to control access down to the document levels.
- Single Sign-On (SSO) ensures easy password management and single sign-on capabilities.
- ISO 27001 and SOC 2 Type 2 compliance. SecureDocs data centers comply with ISO 27001 and SOC 2 Type 2 standards for industry-leading security.
- Audit trail reporting allows tracking of all user activity within the data room and insights into who accessed what and when.
- To avoid unauthorized document sharing, administrators can apply customizable watermarks.
All these features make SecureDocs a reliable and secure data room trusted by companies around the world.
Clientele and case studies
SecureDocs clients come from various backgrounds and industries, including legal, technology, healthcare, and finance. This is a data room that streamlines the entire deal process for both large enterprises and small businesses. The main use cases include mergers and acquisitions, fundraising, initial public offerings (IPOs), partnerships and licensing deals, business valuations, and more.
Major clients
Clients consistently praise SecureDocs for its ease of use, robust security features, and responsive customer support. For instance, according to this SecureDocs virtual data room review from Tony Lynch, Senior Analyst & Valuation Expert at MT Consulting, SecureDocs is the best data room he has ever worked with: “It is easy to use, their customer service is quick and responsive.”
Another client highlighted that SecureDocs made their life easier during multiple rounds of financing and that they wish they had started using it sooner.
Mykel Sprinkles, Principal, TVC Capital says that the data room helps them successfully process numerous transactions without any security issues or disruptions causing deal delays.
All these testimonials prove that the SecureDocs data room is a reliable storage for corporate documents. Regardless of the complexity of your business transactions, this data room provider ensures your confidential information is stored and shared securely.
