The Virtual Data Room (VDR) is an online repository that secure keeps confidential business documents. It is commonly used during M&A due-diligence, but it also helps in other kinds of strategic transactions. Today’s VDR solutions offer the most advanced security solutions and usability at a more cost-effective price point than legacy platforms. Many providers offer a free trial to test the capabilities and security features, as well as the user-friendliness of their VDR.
The immovable property market demands a large amount of documents that need to be exchanged between partners. A custom-designed VDR can help protect information and accelerate deals by supplying users with simple-to-use features such as Chinese wall watermarking, automatic indexing and Q&A modules.
In a process of clinical discovery medical and biotech companies work with escalated amounts of confidential data that range from research findings to patient records. A VDR can protect these assets and streamline the process by enabling central storage and collaboration tools, remote data control private folders, as well as multi-language support.
Banking operations require the handling of sensitive financial information. A VDR offers the secure cloud storage required to manage this data, and ensures that it is available whenever and wherever it is required, which includes via email and file transfer. Kiteworks enabled private content networks also extend zero trust to any content, regardless of where it’s hosted, reducing the possibility Virtual Data Room of leaks, or cyber attacks. This makes the VDR an essential component of any organization’s IT strategy.