The Virtual Data Room (VDR) is an online repository that safely stores sensitive business documents. It is used most often during M&A due-diligence but also helps in other kinds of strategic transactions. VDR solutions provide superior security and usability at a lower cost than the traditional platforms. A great way to test the capabilities of a VDR as well as security and user-friendliness is to take advantage of a free trial offered by most providers.
The real estate industry requires a large amount of documents to be shared among partners. A custom-designed VDR can help safeguard information and accelerate deals by providing users with simple-to-use features like Chinese wall watermarking, automatic indexing and Q&A modules.
In a process of clinical discovery biotech and medical firms deal with a large amount of sensitive data, including research findings and patient records. A VDR can help protect these assets and speed up the process by enabling centralized storage as well as collaborative tools, remote data control, private folders and multi-language support.
Banking operations require the handling of sensitive financial data. A VDR provides the secure cloud storage required to manage this content while ensuring that it is accessible at any time and anywhere it is required, including via email and file transfer. Kiteworks enabled private content networks also extend the same level of trust to all content, no matter the location it is hosted, which reduces the risk of leaks or cyber attacks. This makes the VDR a crucial component of any company’s IT strategy.
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