It’s crucial that companies have all the data they require to make crucial decisions, including M&A deals, tenders or capital raising. That can mean combing through hundreds of thousands of highly private documents that could be susceptible to hacker attacks, data breaches and other security threats. There is a solution which combines easy access with secure document storage and collaboration tools. It’s known as a virtual information room (VDR).
A VDR is a piece of software used in business that facilitates the easy, safe and transparent sharing of information during due diligence processes. It is specifically designed for the M&A and private equity industries, but can be used by anyone who is planning to execute a major deal or project. It’s typically a secure cloud-based repository that houses critical documentation including financial statements, legal agreements, and IP protection documents.
The most effective VDRs are those with a an organized folder structure, which makes it easy to navigate. They also come with customizable security features that permit users to restrict access by setting timeouts or auto-expiration, placing restrictions on printing, viewing, and downloading files, and creating reports on document activity.
VDRs are usually hosted in industry-grade data centers that are protected by physical security measures such as backups of data offsite as well as fire suppression and biometric access control. They also have global access which Visit Website allows investors and potential buyers to examine important documents without having to go to the headquarters of your company or other locations.