For companies with sensitive data that must be kept private and secure virtual data rooms are the solution. A VDR can aid in any transaction that requires sharing confidential documents easier for your business, whether it’s trying to sell itself, raise funds, or work with investors and partners. Compared to free file-sharing tools, modern VDRs provide affordable pricing and practical features that are actually used, including granular permission settings for digital files and documents and security levels like encryption audit trails, and dynamic watermarking that allows users to be identified by their login ID and device.
Among the most common use cases of virtual data rooms is due diligence, with the buyer needing to read a lot of documents from sellers prior to approving a deal. However, VDRs can be useful for life science companies to share clinical trial data, HIPAA compliance, licensing IP and patient records. The real property and immovable property industries can also benefit from a secure flexible way to conduct deals and release documents.
All industries are able to benefit from any industry that can benefit from a VDR. This includes those that need to share confidential information with clients, partners and investors. Instead of relying on generic tools, it’s best to invest in a high-end enterprise VDR like CapLinked, which is designed to facilitate seamless management of business projects and comes with a professional 24/7 customer support via in-app live chat and email -along with responsive mobile applications that let you access your documents from any place. And it comes with the security to back up its promises, from encryption of documents, user login monitoring and dynamic watermarks to industry-grade data centers that guarantee your files and privacy are safe wherever they’re being viewed.
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