VDR for Marketing
Your company may be required to review sensitive information that comes from an outside third party. These scenarios include fundraising rounds or business acquisitions and mergers, regulatory filings, and other critical processes in which sensitive information has to be shared. In some instances you can make use of generic file-sharing software like Google Drive or email. However, it is essential to use a VDR to ensure that your data is safe and your team members can work efficiently.
VDRs are safe storage where authorized users can interact with documents and data files via a browser on the web or mobile app. These platforms offer advanced software features like indexing documents, full text search, favorites, and endless scrolling. This allows project teams and third parties to collaborate, and create proposals with ease. It also offers transparency through activity logs which track all user actions.
While VDRs were initially created to facilitate M&A transactions however, they are now being used by diverse industries that require sharing sensitive information with other stakeholders. Investment bankers utilize VDRs to share contracts and related information with prospective buyers and investors in a secure online setting. Venture capitalists and private equity firms often employ a VDR for collaboration with limited partners, auditors and portfolio companies in the preparation of complex business agreements and regulatory filings. Biotech and pharmaceutical firms rely on VDRs for sharing intellectual property as well as clinical trial data.