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Virtual data rooms are a safe platform for sharing documents during due diligence or other M&A processes. Data rooms allow you to manage access, monitor activity and provide feedback on documents with a high degree of transparency. This makes them an ideal solution for M&As as well as capital raises and audits.
In addition to features like built-in redaction, dynamic watermarking and fence view, the most effective VDRs offer granular user permission settings and detailed reports on the activity of documents. IBM found that human error is responsible for 95% data breaches. You can also set limits on the time for users to view or print documents, and limit access based on location.
M&As and contract negotiations typically involve parties from different regions or continents. The top VDR providers support seamless global collaboration, with features such as dedicated forums for the safe discussion of sensitive intellectual property issues, clinical trial results, encryption of communications, and centralized document storage and management. A reputable VDR partner will also provide robust, scalable infrastructures that include redundant backups, industry-standard data centers, and business continuity plans. It will also test the infrastructure and security procedures regularly to ensure their reliability. Find a company that provides multilingual support via phone, email, in-app and chat in-app, as well as a help centre with video demonstrations, and dedicated teams and managers.
