Other file sharing platforms might advertise that they are secure, but the reality is that they lack the degree of security and sophistication required to keep business-critical files safe.
Virtual Data Rooms (VDRs) are designed specifically for due diligence and for sharing highly-sensitive business information. VDRs have carefully-chosen features that allow you to streamline the collection and management of business-critical files during M&As and other important business-critical events. VDRs are very sensitive to compliance needs of business transactions and are acutely aware of the audit reports needed by FINRA and/or the SEC as it relates to access and availability of information in a financial M&A or fundraising transaction.
M&A deals often involve the sharing of highly-sensitive business information that, if leaked, could jeopardize the deal altogether.
Virtual Data Rooms (VDRs) provide companies with a secure online environment where they can easily collect and share business-critical files.
Not only do VDRs help streamline the process of document collection, but they are also equipped with security features (such as automatic encryption, granular permissions controls at the file level, etc.) that facilitate the secure sharing of sensitive information with multiple parties having different needs.
Virtual Data Rooms (VDRs) are extensively used in the following industries:
Good virtual data room providers are dedicated to providing their clients with an experience that is TAILORED to fit their needs perfectly.
Not only do good providers continually upgrade their services with the latest technology and security features, but they also make sure to provide users with the custom features they need to effectively manage and share their business-critical documents.
Lastly, a good provider also has a dedicated customer support team which is unparalleled in its ability to provide clients with the kind of rapid support they need and expect!
Here are the main things you need to look for when choosing a Virtual Data Room provider:
- Document Access Controls
- Reports to Track User Activity
- 24/7 US Based Customer Support
- Proven Track Record