VDR is an encrypted repository that allows authorized users to interact with documents and data via mobile apps or a web browser. With advanced software features, such as document indexing, full-text searches, favorites, infinite scrolling and auto-renumbering, a VDR facilitates team members to draft proposals. In addition, activity logs are built-in to provide transparency and accountability. They record and report every user’s actions as well as the date and time.
VDRs are most popular for M&A transactions, due diligence, and investor parties however, they can also be used by any business which requires sharing sensitive information with external stakeholders. Investment bankers use VDRs for exchanging contract details with potential investors and purchasers in a secure online environment. Other business leaders include VCs and private equity firms, who typically assess many deals at once and require the ability to organize and share reams of information. Legal teams also leverage VDRs to collaborate on VDR to collaborate on complicated legal agreements and regulatory filings.
The top-rated vdrs for marketers concentrate on security to protect confidentiality and integrity of data, by offering features like encryption in the flow and in the rest multi-level authentication techniques, discrete end user permissions and document-level protections like watermarking and disabling printing. They also pay attention to compliance to ensure that their platforms comply with the requirements of the industry, such as HIPAA, CCPA and GDPR.