VDR for Marketing

There are a variety of occasions when your company might be asked to review sensitive data from third parties. These include fundraising rounds and business acquisitions and fusions, regulatory filings and other crucial procedures where sensitive information has to be shared. In certain instances you can utilize generic tools for sharing files like Google Drive or email. It is nevertheless essential to use a VDR in order to ensure that your data is secure and your team members are able to effectively.

VDRs are safe repositories that allow authorized users to interact with documents and data via either a link mobile application or a web browser. These platforms provide advanced software features like document indexing, full-text search, favorites and infinite scrolling. This allows project teams and third parties to collaborate, and create proposals with ease. Additionally, it provides transparency through activity logs that record every user’s actions.

VDRs are utilized by a variety of industries to share sensitive data. They were originally created to facilitate M&A transactions. Investment bankers use VDRs to communicate contract details and other information with prospective buyers and investors in a private online setting. Venture capitalists, private equity companies, and portfolio companies also use VDRs to coordinate on complex agreements for business or regulatory filings. Biotech and pharmaceutical companies depend on a VDR to share intellectual property and clinical trial data with third party.