Virtual Data Rooms – The Pros and Cons of VDRs

Virtual data rooms are a great solution for businesses who want to share sensitive information in a secure and in a private manner. Whether your company is looking to sell itself, raise capital or work with partners and investors using an VDR can make any deal that involves sharing private documentation much simpler. When compared to free file sharing tools they are more modern. VDRs provide affordable pricing and practical features that actually get used, including granular permission settings for digital files and documents as well as security levels such as encryption audit trails, as well as dynamic watermarking to identify users by their login ID and device.

Virtual data rooms are typically utilized for due diligence. The buyer must look over a lot of documentation before they can confirm a transaction. However, VDRs can also used by life science companies to share the results of clinical trials, HIPAA compliance and licensing IP. Real estate and properties that are immovable can also benefit from a safe and flexible method to conduct transactions and disclose documents.

All industries are able to benefit from a VDR. This includes those that need to communicate confidential information to investors, partners, clients and customers. CapLinked is a VDR that is designed to provide seamless project management. It provides 24/7 professional customer support via live chat through the app, phone, and email and responsive apps to view documents anywhere. It also has the security to back up its promises, from encryption of documents as well as monitoring logins of users and dynamic watermarks to high-end data centers that guarantee your documents and data are safe wherever they’re being viewed.