VDR is secured repository that permits authorized users to interact with documents and data via a mobile app or web browser. A VDR comes with advanced software features, such as document indexing and full text searching, favorites, endless scrolling, auto-renumbering and endless scrolling. Additionally, built-in activity logs provide transparency and accountability by capturing and reporting all user actions as well as the date and time of the actions.
VDRs are most popular for M&A transactions as well as due diligence investor parties, but they can be utilized by any company which requires sharing sensitive information with outside stakeholders. Investment bankers, for instance utilize a VDR to exchange contract information with buyers and potential investors in a secure online setting. Other business leaders include VCs and private equity firms, which usually assess many deals at once and must manage and share huge amounts of data. Legal teams can also make use of a VDR to collaborate on complex business agreements or regulatory filings.
The top-rated vdr providers for marketing focus on security to maintain data integrity and privacy. They employ features such as encryption both in motion and at rest. They also use multi-level authentication strategies. They also pay attention to compliance to ensure that their platforms are compliant with industry standards, including HIPAA, CCPA and GDPR.