Where File Sharing Systems and Secure Data Rooms Fail

Blog post Sanjeev Dheer 2017-03-28

Cloud-based file sharing is a business imperative for exchanging information between companies. Whether you need to share vital financial information with investors, publish metrics to clients, or exchange security documents to satisfy a compliance audit, successful commerce depends on the secure sharing of your files. But secure data rooms with their ‘one-sided’ orientation and as static data repositories are an incomplete solution.

Limitations of data rooms and file sharing systems: One-Sided and Static Data Stores

Secure data rooms have been designed to serve the needs of the originating party; the receiving party has no powers of aggregation or other control over what is posted. Perhaps even more importantly, they are static data stores. They do not provide any back-and-forth collaboration. You still have to depend on email.

If you’re already using email to send routine metrics or updates, then you’re aware of the challenges of keeping all the data organized and aggregated, keeping track of multiple threads of communication, and spending too much time just managing the process.

The Benefits of a Two-Sided Network

The future of secure exchange between companies is understanding that there’s more to the process than just uploading and downloading files. With partners, clients, and vendors you enter an inter-company exchange of data, documents and expertise that is constantly being updated, edited, amended, and replaced. This is only possible on a two-sided network that provides equally powerful one-to-many publishing and aggregation capabilities to both parties.

This two-sided network must include a collaboration platform to add intelligence to the document repository. Always-available context of each data object makes collaboration faster, more efficient, and much easier to manage. You can automate aggregation, run granular analytics, and monitor approval workflows, access, compliance, and authorizations.

The CENTRL platform’s core design is built around being a true inter-company exchange. It’s the next evolutionary step in file sharing, from document repository to managing control and visibility within both companies involved in the partnership.

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