Virtual Data Rooms – The Pros and Cons of VDRs

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For companies that have sensitive information that must be shared in a secure and private manner, virtual data rooms provide the solution. If your company wants to sell itself, raise capital, or work with investors or partners and investors, a VDR will make any transaction which requires sharing private information that much easier. As opposed to free file-sharing applications they are more modern. VDRs offer transparent pricing and features that are actually used such as granular permission settings for digital files and documents as well as security levels such as encryption audit trails, and dynamic watermarking to identify users by their login ID and device.

Among the most common use cases of virtual data rooms is due diligence, with the buyer needing to go through a lot of documentation from the seller before approving the deal. However, VDRs are also used by life science companies to communicate clinical trials results, HIPAA compliance and licensing IP. Real estate and immovable properties can also benefit from a secured and flexible method to conduct transactions as well as share documents.

The advantages of a VDR are available to all businesses that require to share sensitive information with partners, investors and clients. Instead of relying on standard tools, you should invest in an enterprise-grade VDR like CapLinked. It’s designed for seamless project management in business and offers professional 24/7 customer support via live chat, phone and email — as well as responsive mobile apps that let you access your documents from any place. It has the security backing up its promises with everything from document encryption to monitoring user logins to dynamic watermarks and industry-grade data centres that ensure that your documents are secure and secure, no matter where they are displayed.

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