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VDR for Marketing
There are a variety of occasions when your company may be required to review sensitive data from outside parties. These scenarios include business acquisitions, fundraising rounds and fusions, regulatory filings and other critical procedures where sensitive information has to be shared. While generic file-sharing services like email or Google Drive can be used in certain instances however, it’s essential to make use of a VDR to ensure your data is safe and allows your team members to work efficiently.
VDRs are safe storage where authorized users can interact with documents and data files via a browser on the web or mobile application. These platforms offer advanced software features like indexing documents, full-text search and favorites, endless scrolling and auto-renumbering. This allows project teams and third parties to collaborate and write proposals easily. Additionally, it provides transparency by logging activity logs that monitor the user’s actions.
VDRs are used by a variety of industries to share sensitive information. They were initially designed for M&A transactions. Investment bankers utilize VDRs as a method to share confidential information and contracts with investors and buyers in a secure online setting. Venture capitalists and private equity firms typically utilize a VDR to work with auditors, limited partners and portfolio companies in the preparation of complex business agreements and regulatory filings. Biotech and pharmaceutical firms rely on VDRs to exchange intellectual property as well as clinical trial data.
