VDR software enables companies to share confidential documents with external people like potential investors or clients. This is particularly beneficial in the legal industry, where many procedures call for sensitive document sharing. It doesn’t matter if it’s an M&A, due diligence process or even an IPO the virtual data room simplifies the process and guarantees that confidential information isn’t disclosed to unauthorised parties.
In addition, the ability to integrate the platform with existing business applications allows parties to collaborate on projects. For example the integration with Asana lets users link tasks in Asana with relevant documents stored on the VDR platform. This makes it easier for project managers and teams to keep track of progress and stay on top of their responsibilities.
Choose a platform that offers features that will meet your requirements. A VDR must be secure, with virus and malware scanning, multifactor authentication, and advanced encryption. It should also have an audit log that documents all user and document actions, as well as the ability to drill into these specifics. Examine if a VDR partner is certified by a third party such as SOC to ensure Sharefiles VDR that the platform is in compliance to the highest standards in the industry.
A clear, easy-to-use interface is an additional feature that is essential. It should be available to both the CFO and the accountant at a basic level. Choose a provider that is able to meet this with a simple configuration and a wide range of deployment options. Also, check if you can customize the appearance of your VDR with your own logo along with terms and conditions and general layout.
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