What Is VDR for Business?

Posted by Security Vault

VDR for Business is an encrypted platform that allows for the transfer of data online. Its key features include access control that is granular, real-time reports and efficient handling of large volumes of documents. It also supports a range of file types, and comes with an intuitive interface. A high-quality VDR provides a user-friendly virtual archive that includes features such as fence view, redaction built-in, and a variety security features that are superior to those offered in file-sharing services for consumers, or via email.

The most common use of VDR in business is due diligence during mergers and acquisitions. This process can require hundreds, if perhaps thousands of pages and requires meticulous reviews. Furthermore it is a VDR is a fantastic tool for sharing financial information with stakeholders during capital raises, IPOs and bankruptcy and restructuring processes.

A reliable business VDR will also allow you to define the access rights of users. You can give users access to specific documents or folders. This makes due diligence more virtual data rooms for mergers and acquisitions efficient. For example angel investors might not have access to the documents that auditors have access to.

Utilizing using a VDR for your company will reduce time and cost. It can cut down on printing and sending documents to different locations for review, which is especially beneficial when you’re working with international teams. It also reduces the requirement for long conference calls and allow you to share presentations remotely with employees.