13
Oct

Why Use a VDR for Marketing?

VDR for Marketing

There are many times that your company could be required to review sensitive information from external parties. These situations can include fundraising rounds or business acquisitions and mergers as well as regulatory filings and other important processes where sensitive information must be shared. In some instances you can use standard tools for sharing files like Google Drive or email. It is go right here nevertheless essential to utilize a VDR in order to ensure that your data is protected and your team members are able to work effectively.

VDRs offer a secure repository that allows authorized users to interact with documents and other files using a web browser or mobile app. These platforms are equipped with advanced software features such as document indexing, full text search, favorites, and endless scrolling. This allows project teams and third parties to collaborate and create proposals quickly. Additionally, it provides transparency by logging activity logs that track all user actions.

While VDRs were initially created to facilitate M&A transactions but they are now used by a variety of industries that must share sensitive data with external stakeholders. Investment bankers use VDRs to communicate contract details and other information with prospective investors and buyers in a private online environment. Private equity, venture capitalists, firms and portfolio companies use VDRs to work together on complex agreements for business or regulatory filings. Biotech and pharmaceutical companies depend on VDRs to share intellectual properties and clinical trial data.