VDR for Marketing
There are many times that your company might be required to examine sensitive information from outside sources. These scenarios include fundraising rounds and business acquisitions and fusions, regulatory filings and other procedures that require sensitive information is required to be shared. While general file-sharing platforms like email or Google Drive can be used in certain instances however, it’s essential to use VDR to ensure that you use a VDR to ensure your data remains secure and enables your team members to perform their tasks efficiently.
VDRs offer a secure repository that allows authorized users to interact with documents and other files using a web browser or mobile application. These platforms offer advanced software features, such as indexing documents, full-text search and favorites, as well as infinite scrolling and auto-renumbering. This allows project teams as well as third parties to collaborate and write proposals with ease. They also provide transparency through activity logs that track the user’s actions.
VDRs are used by many industries to share sensitive information. They were initially designed for M&A transactions. Investment bankers use VDRs as a means to share confidential information and contracts with investors and buyers in a private online setting. Venture capitalists and private equity firms often make use of a VDR to collaborate with limited partners, auditors and portfolio companies on complex agreements and regulatory filings. Additionally, biotech and pharmaceutical companies rely on a VDR to share intellectual property and clinical trial data with third party.