Secure Document Exchange using VDR
In the event of a merger or acquisition or other business transactions, sensitive documents need to be scrutinized and approved by several parties. A virtual data room (VDR) that lets you securely share documents with the appropriate stakeholders is a great way to do this. This kind of online repository is the best option for governments, businesses and other organizations who want to secure confidential files and data from hackers and other malicious actors.
A VDR allows businesses find more information to securely store documents online, which makes them accessible to authorized users on different devices and at certain times. The platform can be used to accomplish a wide variety of tasks, including M&A due diligence, fundraising, collaboration, and much more. This tool can be used by diverse industries, but is most beneficial for companies in the life science and technology industries that require protection of the confidentiality of their proprietary data.
Whether you’re collaborating with service providers, potential investors or even internal employees who have access to sensitive documents and intellectual property, you require a VDR that has robust security measures. The most secure VDRs feature comprehensive document authorization and perspective restrictions, along with options like two-factor authentication or views only options. You should look for a VDR that has page-level reports and activity tracking to allow you to track the way your data has been used and to ensure compliance.
iDeals provides banks-grade security, simplicity of use, and a robust set of tools that make it the top option for M&A due diligence as well as pharma product development intellectual property submissions and board meetings. It includes a simple upload and download process, secure PDF creation and the ability to synchronize local folders with data room folders.