The Virtual Data Room is an online repository where sensitive business documents are securely stored. It is used most often during M&A due-diligence but also helps in other types of strategic transactions. VDR solutions provide superior security and usability at a lower price than legacy platforms. A great way to test the capabilities of a VDR as well as security and user-friendliness is through the use of the trial offer by a majority of providers.
The real estate industry requires a large amount of documentation to be shared between partners. A VDR specifically designed for the immovable property industry can help safeguard information, accelerate transactions, and provide clients with easy-to use features such as Chinese wall automated indexing (automatic indexing) watermarking, Q&A modules.
During a clinical discovery process, medical and biotech companies work with escalated amounts of sensitive data, ranging from research findings to patient records. A VDR can help safeguard these assets and speed up the process by allowing central storage tools, collaboration tools, remote control of data private folders, as well as multi-language support.
Banking operations require the handling of sensitive financial information. A VDR can provide the secure cloud storage required to handle this content while ensuring that it is accessible whenever and wherever it is needed, including via email or file transfer, as well as APIs. Kiteworks enabled private content networks also offer the same level of trust to all content, no matter the location it is hosted, which reduces the possibility of leaks, or cyber attacks. This makes the VDR a crucial component of any enterprise’s IT strategy.