5 Ways to Test the Virtual Data Room

The Virtual Data Room (VDR) is an online repository that secure stores sensitive business documents. It is commonly used in M&A due diligence and can also assist in other types of collaborations and transactions that are strategic. VDR solutions provide superior security and accessibility at a lower cost than legacy platforms. Many providers offer a free trial to test the capabilities, security, and ease of use of their VDR.

The immovable property market requires copious amounts of documents that need to be exchanged between partners. A purpose-built VDR can help protect the information of buyers and accelerate transactions by providing users with easy-to-use features including Chinese wall, automatic indexing, watermarking and Q&A modules.

In the course of a clinical discovery process biotech and medical companies work with escalated amounts of sensitive data, which ranges from research findings to patient records. A VDR can protect these assets and speed up the process by providing centralized storage, collaboration tools, remote data access private folders, and multi-language support.

Banking operations require the handling of sensitive financial information. A VDR can provide the safe cloud storage required for handling this data, while ensuring it is available when and where it is required, including via email and file transfer as well as APIs. Additionally, Kiteworks-enabled secure content networks provide zero-trust to all content, regardless of where it is stored and reduce the chances of leaks and cyber attacks. The VDR is a crucial element of any IT strategy.

Virtual Data Room