VDR for Marketing
Your company may be required to review sensitive data that comes from an outside party. These include business acquisitions and fundraising rounds and fusions, regulatory filings and other procedures that require sensitive information needs to be shared. While generic file-sharing services like email or Google Drive can be used in certain circumstances however, it’s essential to make use of a VDR to ensure that your information is safe and enables your team members to work effectively.
VDRs are safe repository where authorized users can interact with documents and information via an app on their mobile or a web browser. These platforms are equipped with advanced software features, such as document indexing, full-text search and favorites, endless scrolling and auto-renumbering. This allows project teams as well as third parties to collaborate and create proposals with ease. They also provide transparency through activity logs which record every user’s actions.
VDRs are used by many industries to share sensitive data. They were initially designed for M&A transactions. Investment bankers use VDRs to share contract information and other related documents with potential investors and buyers in a secure online setting. Venture capitalists and private equity firms often this article use a VDR to collaborate with auditors, limited partners and portfolio companies in the preparation of complex agreements for business and regulatory filings. Biotech and pharmaceutical companies depend on VDRs for sharing intellectual properties and clinical trial data.