TransCEND Virtual Data Room Review
The TransCEND virtual data room is a multifunctional platform offering broad business opportunities. This solution is trusted for handling both large financial transactions and building basic corporate storage. The product is also suitable for M&A, debt and equity financing, translation content exchange, restructuring, and other operations.
To ensure security, the provider adheres to Privacy Shield regulations and SSAE 16 SOC 2, the gold standard for online data protection. In addition to annual audits, the company also undergoes regular penetration tests to check the system’s robustness.
Two-step authentication protects the virtual data room from third parties. For the secure transfer of confidential information, including personal data, the software applies HTTPS Connection Running SSL Encryption.
This data room provider offers document management features aimed at maximum data protection, tools include:
- Information Rights Management. Admins control the availability of such options as editing, screen capture, and sharing available to data room users.
- On the Fly Redaction. The built-in editing system allows admins to protect sections of documents. This way, they have open access to edited versions or the original.
- Advanced data search. Using custom queries, users search across document content and metadata. They can also save search results in case they are needed in the future.
- Audit Trail. This function makes it possible for users to track the actions and interests of colleagues, buyers, and investors.
The TransCEND official website does not disclose pricing information. However, according to user reviews on Capterra, prices start at $500 per month per user.
According to the provider, the fees depend on the data size and term length. Unfortunately, there is no free trial or free version of the service. For reliable pricing information, you can contact the virtual data room provider to request a personalized quote.
The advantage of this data room is the multilingual interface, which makes this software a perfect fit for companies worldwide. In addition, technical support is available 24/7, processing requests within five minutes. Users also emphasize the platform’s ease of management, as it doesn’t require training.
The weak side is the insufficiently transparent pricing policy. Moreover, there are only a few online reviews of the platform. For example, Capterra offers only one user feedback, which describes a security issue related to the loss of corporate data.