A secure virtual data room enables companies to store information and make it instantly available to a limited population. VDRs utilize encryption standards and access control features that permit users to identify who is watching or downloading information and deprive access to those who do not require it, no matter where they are in the world. This is important since data breaches are becoming more frequent and laws like GDPR and CCPA require companies to keep information private.
Streamlined M&A Due Diligence
Large-scale business deals typically involve massive amounts of data that need to be shared with multiple stakeholders, often in different locations. Using the VDR for this purpose lets all parties work together on an undertaking without worrying about how their private information could be obtained by hackers or other unauthorised individuals.
This level of security also makes it easier for projects to progress more quickly. A VDR removes the need to photograph documents, index them, and then scan and upload them to the system, which means that more information is available to prospective investors and bidders faster. VDRs can also be accessed via any device, making them ideal for remote meetings and collaborative work. Many advanced VDRs, such as CapLinked come with tools that are compliant with privacy laws regarding data and automatically erase sensitive data. They can also incorporate artificial intelligence capabilities like scanning of files, organization of information and search to enhance the user experience.