VDR for Marketing
There are a myriad of scenarios where your company may be required to review sensitive information from external parties. These could be fundraising rounds including mergers, business acquisitions or regulatory filings, as well as other crucial processes where sensitive information needs to be shared. While generic file-sharing services like email or Google Drive can be used in some instances but it is essential to use a VDR to ensure that your information is safe and enables your team members to work efficiently.
VDRs are safe storage where authorized users can interact with documents and data files via a web browser or mobile application. These platforms offer advanced software features, such as indexing documents, full-text search, favorites, infinite scrolling and auto-renumbering. This allows project teams and third parties to collaborate and create proposals easily. Additionally, it provides transparency by logging activity logs that track all user actions.
VDRs are used in a variety of industries to share sensitive data. They were initially designed for M&A transactions. Investment bankers utilize VDRs as a means to share confidential information and contracts with investors and buyers in a private online setting. Private equity and venture capitalists companies frequently employ a VDR for collaboration with auditors, limited partners and portfolio companies on complicated contracts and regulatory filings. Biotech and pharmaceutical companies rely on a VDR to share intellectual property and clinical trial data with third parties.