A virtual data room is a great tool for startups or larger businesses who are involved in fundraising. It lets them exchange sensitive information, which is common during this stage. Leaders on both sides of the deal can feel more confident when they know that a VDR lets them collaborate on documents and files and also monitor the user’s activities in fine detail.
Be aware of the security features of a VDR before selecting one. Multifactor authentication along with advanced encryption and robust malware and virus scanning ensure that uploaded documents remain private and secure. Find a VDR with a custom reporting feature and real-time analytics. This will provide the information behind the scenes that executives from the C-suite require to be aware of the progress of their ongoing project.
Another important feature to consider is whether the VDR can be seamlessly transferred from storage solutions like Google Drive, OneDrive, Box and Dropbox. If yes the process of importing data is much faster and more straightforward than integrating any new software into an existing workflow.
Every company that operates in the shipping sector should have a VDR solution that is compatible with their current fleet as well as their plans for the future. Ship owners who operate a fleet of ro-ro ships need to be able communicate updates on policies, future strategies and input from franchise operators through an open VDR. For the most part, this data is needed every day and is typically very sensitive, therefore security features that guarantee privacy, control and transparency are key.