Virtual data rooms are the best solution for companies who need to share sensitive information in a secure and privately. A VDR can aid in any transaction that requires sharing confidential documentation easier, whether your company is trying to sell itself, raise funds or work with partners and investors. As opposed to free file-sharing applications and other file sharing tools, modern VDRs provide transparent pricing and features that are actually used, including granular permission settings for documents/digital files as well as security levels such as encryption audit trails, and dynamic watermarking that allows users to be identified by their login ID and device.
One of the most popular use instances of virtual data rooms is due diligence, with the buyer having to review lots of documentation from the seller before signing off on a deal. But VDRs are also useful for life science firms to share results of clinical trials, HIPAA compliance, licensing IP and patient data. The real property and immovable property industries can benefit from a secure flexible way to conduct transactions and share documents.
All industries are able to benefit from a VDR. This includes those that need to share confidential information with investors, partners and clients. Instead of relying solely on generic tools, it’s better to invest in an enterprise-grade VDR like CapLinked, designed to manage business projects seamlessly and comes with a professional 24/7 customer support via live chat in-app telephone, email and phone- as well as responsive mobile apps that let users access documents from anywhere. It has the security backing all its promises that range from document encryption to user login monitoring to dynamic watermarks, as well as industry-grade data centres that ensure your documents remain safe and secure, no matter where they are being viewed.