A VDR database protects sensitive data and files from unauthorised access. It is an essential component in complex commercial transactions and mission-critical processes that require secure efficient sharing of thousands of documents. While services such as Dropbox or Google Drive seem similar, they don’t have the security or specific features needed by professionals for these kinds of processes. This makes VDR databases VDR database the best choice for companies that must share confidential information with several counterparties.
Investment banks depend on the VDR database to keep M&A transactions moving along and speed up due diligence for capital raising, IPOs and mergers. These processes typically involve huge volumes of documentation that must be quickly and securely shared with different parties such as regulators, investors and potential buyers. This is a great use case for VDRs because it allows you to set up folder levels of permission and VDR because it allows users to set up folder levels of permission and granular user rights.
Life science and technology companies are huge users of VDRs to securely share intellectual property chemicals, chemical formulas and molecules with external partners during licensing, fundraising, and clinical trials. These types of scenarios are ideal for VDRs due to their ability to securely store large amounts of data and offer customizable reports.
A good VDR can provide advanced security features like encryption and two-factor verification. It should also allow users to log into multiple applications using one set of credentials. This helps prevent cybercriminals from getting access to multiple accounts using compromised login credentials. It should also provide an intuitive user interface, permitting quick upload of documents and download.