Virtual Data Rooms – The Pros and Cons of VDRs
Virtual data rooms are a great solution for companies who need to share sensitive information in a secure and in a private manner. If your company wants to sell its assets, raise capital or work with partners and investors using VDRs are a must. VDR can make any deal that requires sharing confidential documents that much easier. In contrast to free file-sharing software, modern VDRs provide transparent pricing and features that are actually used such as granular permission settings for documents/digital files and security levels like encryption audit trails, as well as dynamic watermarking that allows users to be identified by their login ID and device.
Virtual data rooms are commonly utilized for due diligence. Buyers must go through lots of documents before they can approve any transaction. But VDRs are also valuable for life science firms to share clinical trial data, HIPAA compliance, licensing IP, and patient files. Real estate and immovable properties can benefit from a secure and flexible way to conduct transactions as well as share documents.
All industries are able to benefit from the benefits of a VDR. This is especially true for those who have to communicate confidential information to investors, partners and clients. Rather than relying on generic tools, it’s better to invest in an enterprise-grade VDR like CapLinked. It’s designed for seamless project management in business and includes professional 24/7 customer support through in-app live chat and email — as well as mobile apps that are responsive, letting you access documents from any location. It has the security backing up its promises, from document encryption to monitoring logins for users to dynamic watermarks, and industry-leading data centers that make sure your documents remain safe and private no matter where they are being viewed.