A virtual data room can be an excellent way to safeguard sensitive and critical corporate documents. VDRs are most often used for due diligence during M&A however they can be beneficial in other industries too.
Private Equity and VC firms analyze multiple deals at the same time and produce a large amount of documents that need to be organized. Utilizing a VDR they can simplify the process by storing everything in one location and making it easily accessible to any investor or partner.
Consider a provider who offers the ability to grant granular access to each document to determine who can print, download, or view it. It should also provide dynamic watermarks to stop accidental deletions and provide analytics on all activity of the user.
Construction and engineering companies typically collaborate with contractors to complete projects, requiring documents such as blueprints invoices and change orders to be sent back and back. The most effective VDRs simplify this process by enabling secure collaboration among teams on each project.
Life science companies have a large amount of proprietary IP that they must protect. A specially designed VDR like Venue allows you to collaborate with investors, partners, and analysts without risking the security of sensitive data.
Look for VDRs with features like annotations on documents, Q&A sections and the capability of assigning tasks. These features are crucial for facilitation of discussions and improving the flow of deals. You should also look into a company that has industry-standard physical security measures like offsite backups of data, fire protection and network firewalls.