For businesses planning to make big decisions such as M&A transactions or capital raising, it’s crucial that all relevant information is available. This could mean sifting through many thousands of highly confidential documents that are potentially susceptible to hacker attacks, data breaches, and other security threats. However, there’s a solution that combines ease of access with secure document storage and collaboration tools. It’s called a virtual data room (VDR).
A VDR is a business software that facilitates the simple, safe and transparent sharing of information within due diligence procedures. It’s designed specifically for the M&A private equity, M&A, and investment advisory fields, but can be used by any company looking to complete an important transaction or project. It’s typically a safe cloud-based repository that holds important documents including financial statements, legal agreements, and IP protection documentation.
The most efficient VDRs have clear structure of folders that allow users to easily navigate and find what you’re looking for. They also have customizable security features that permit you to limit user access by creating timeouts or auto-expiration, putting restrictions on printing, viewing or downloading documents, and also generating reports on the activity of documents.
VDRs are typically housed in industry-grade data centers that contain physical security measures, such as offsite data backups as well as fire suppression and biometric access control. They https://www.dataroommart.com/how-to-add-another-face-id-to-iphone-or-ipad-pro also have global accessibility which makes it easier for investors and potential acquirers to review vital documentation without having to travel to your company’s headquarters or other locations.