VDR for Marketing
There are many times that your business could be required to review sensitive data from outside parties. This could include fundraising rounds or business acquisitions and mergers or regulatory filings, as well as other crucial processes where sensitive information has to be shared. In certain instances you can use standard file-sharing software like Google Drive or email. However, it is essential to use a VDR to ensure that your data is protected and your team members can work effectively.
VDRs are secure storage where authorized users can interact with documents and other files using a web browser or mobile application. These platforms are equipped with advanced software features like document indexing, full-text search, favorites, infinite scrolling and auto-renumbering. This enables project teams and third parties that collaborate to write proposals with ease and provides transparency with activity logs which keep track of all user actions within the VDR.
While VDRs were initially designed for M&A transactions, they are now utilized by various industries that need to share sensitive data with stakeholders outside. Investment bankers use VDRs to share contract information and other related documents with prospective buyers and investors in a private online environment. Venture capitalists and private equity companies often employ a VDR for collaboration with auditors, limited partners and portfolio companies in the preparation of complex contracts and regulatory filings. Biotech and pharmaceutical companies rely on VDRs to exchange intellectual property as well as clinical trial data.