A virtual dataroom (VDR) is an online repository that allows you to upload and share confidential business documents. Its most popular use involves facilitating due-diligence during M&A transactions and equity or debt syndication, and private equity and venture capital investments, but it is also useful for a variety of other business operations including marketing, investor communications, internal collaboration among executives and project management.
A good VDR is equipped with advanced features that aid in protecting the data of your business. For example, it should protect files in storage and while in transit to prevent leaks. It should also allow users to set up granular permissions and immediately revoke access after files are downloaded onto devices. It should also have digital rights management tools such as dynamic watermarks, which could prevent viewing by people who are not authorized.
Accessibility to VDRs across the globe is another key feature. Because it is hosted on the cloud, it is able to be accessed by users all over the world, without firewalls or other restrictions. This helps businesses attract more buyers and boosts the value of the business they sell.
Considering that the average virtual data room user has a low technical background, it is important for the system to be as easy to use as possible. The best VDR providers like iDeals, Citrix and try this web-site Datasite have improved their interfaces for due diligence and made it easy to configure and navigate for all types of business users. They also provide robust support services to help you with any problems that may arise during the VDR installation process.