VDR for Marketing
Your company may be required to review sensitive information that comes from an external party. This includes the process of fundraising and business acquisitions and mergers, regulatory filings, and other procedures that require sensitive information must be shared. In some instances you can use standard file-sharing tools like Google Drive or email. However, it is essential to utilize a VDR in order to ensure that your data is protected and your team members can effectively.
VDRs offer a secure repository that allows authorized users to interact with documents and other files via a web browser or mobile application. These platforms provide advanced software features such as document indexing, full-text search, favorites, and infinite scrolling. This allows project teams and third parties to collaborate, and create proposals quickly. They also provide transparency through activity logs that monitor every user’s actions.
VDRs are used by many industries to share sensitive information. They were initially designed for M&A transactions. Investment bankers utilize VDRs to share contract and related information with potential investors and buyers in a private online setting. Private equity and venture capitalists companies often utilize a VDR to work with limited partners, auditors and portfolio companies in the preparation of complex contracts and regulatory filings. Biotech and pharmaceutical firms rely on VDRs for sharing intellectual property and clinical trial data.
