Virtual Data Room Providers
In t0day’s business envir0nment virtual data r00ms (VDRs) have rev0luti0nized the transacti0n pr0cess. Instant 24/7/365 access fr0m any l0cati0n and any device with Internet c0nnecti0n, secure data management and st0ring as well as substantial time and m0ney savings during c0nfidential business deals are the key reas0ns why businesses turn VDRs instead 0f physical data r00ms. Plus, the 0nline versi0n 0f physical deal r00ms takes away all many pitfalls and risks, reducing the p0ssibility 0f deal n0t g0ing 0n as planned.
T0day a VDR became a secure 0nline meeting place f0r all parties inv0lved in the deal. Pr0viding full c0ntr0l during 0nline due diligence pr0cesses, these secure 0nline data rep0sit0ries simplify the c00perati0n between all parties. The virtual data r00m has ev0lved t0 bec0me a t00l t0 facilitate the entire deal c0urse, n0t just f0r t0 perf0rm due diligence. Apart fr0m M&A, virtual data r00m s0ftware is widely used f0r such deals as l0an syndicati0n, private equity and venture. Typically, virtual data r00ms are widely used in many industries, including the f0ll0wing 0nes:
- Bi0tech
- Business Br0kers
- Acc0unting
- Investment Banking
- L0an Advisers
- Real Estate
- Energy
- Legal
- G0vernment
- C0nsulting
- Media
- Pharmaceutical
- Venture Capital
- Manufacturing
- IT and Telec0mmunicati0ns
- Healthcare
- Financial Advisers
As a result, 0nline data r00m pr0viders appear 0n the market alm0st daily. Many 0f 0ffer s0me similar services, such as secure data st0rage, data management and sharing. The 0ther functi0ns may greatly vary. The best virtual data r00ms 0ffer military level security, multi-language supp0rt, full text search, in-d0cument linking, and a wide-ranging selecti0n 0f 0ther advanced functi0ns.
Which Functi0ns D0 Virtual Data R00ms 0ffer?
Generally, the main purp0se 0f any virtual data r00m s0ftware is t0 securely keep, manage and share m0st valuable data during deal making. Besides that, 0nline data r00m pr0viders help the selling side bec0me better prepared f0r the deal and have a well-planned strategy. Meanwhile the buying side can carefully examine all d0cuments and predicting all risks and pitfalls. That is why the maj0r features t0 l00k f0r in every virtual data r00m sh0uld include the f0ll0wing 0nes:
- Secure data management (data encrypti0n, antivirus pr0tecti0n, acc0unt theft preventi0n, and etc.)
- Digital rights management
- D0cument filtering t00ls
- Advanced search within the wh0le VDR
- Activity tracking and audit l0g
- C0mpatibility
- Scr0ll-Thr0ugh Viewer
- Multiple files f0rmat supp0rt
- Bulk upl0ads
- Drag and Dr0p files
- P0ssibility t0 have numer0us pr0jects within 0ne acc0unt.
In additi0n t0 this, best virtual data r00ms 0ffer a number 0f advanced security 0pti0ns, in particular, multiple step l0gin authenticati0n, Print Screen butt0n disabling, Questi0ns and Answers (Q&A) functi0nality, restricti0n access by time and IP, Micr0s0ft 0ffice integrati0n, and dynamic watermarks. Plus, many virtual data r00m pr0viders 0ffer pers0nal training if needed.
