Online data room and SSL
A virtual dataroom can be an secure place to share sensitive information with other parties. This is especially beneficial to support corporate events that require the disclosure and review of confidential documents with people beyond the firewall. VDRs provide features like audit trails and reports that track activity and protect against accidental leaks and document disclosure.
Due diligence in M&A transactions is the most popular use of the VDR. This is because both the sell-side as well as the buyer’s side require an efficient and secure platform to share documents with potential investors.
A VDR can also be utilized to raise funds and other high-risk activities. For instance a private equity company could use the VDR to share documentation with potential investors and provide access to the company’s financial performance as well as growth metrics.
When selecting a VDR make sure you choose one with a good reputation and offers a broad selection of features. It is important to ensure that the vendor provides an easy-to-use interface as well as training and support to help users get acquainted using the software. Also, search for a business that meets security standards and certifications.
A great VDR will include collaboration tools that allow for search, detailed audit trails, as well as reporting. It also allows users to upload and manage documents, and configure granular permission settings to control who can view, edit, and download particular files. When the transaction or project is completed, it is easy to revoke your access.