VDR for Marketing
Your company may be asked to review sensitive data that comes from an external third party. These situations include fundraising rounds and business acquisitions and the filing of regulatory documents, fusions and other procedures that require sensitive information must be shared. While generic file-sharing services like email or Google Drive can be used in certain circumstances, it’s important that you make use of VDR in order to use VDR to ensure that your information is safe and enables your team members to collaborate effectively.
VDRs are secure repositories where users who are authorized can access documents and data via an app on their mobile or a web browser. These platforms offer advanced software features such as document indexing, full-text search, favorites and infinite scrolling. This allows project teams and third party collaborators to draft proposals easily and provide transparency with activity logs which record all user actions in the VDR.
VDRs are used in a variety of industries to share sensitive data. They were initially created to facilitate M&A transactions. Investment bankers utilize VDRs to share contracts and related information with potential investors and buyers in a secure online environment. Private equity, venture capitalists, companies and portfolio companies utilize VDRs to collaborate on complex agreements for business or regulatory filings. Biotech and pharmaceutical companies rely on a VDR to share intellectual property and clinical trial data with third-party companies.
