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Leveraging a Virtual Data Room to Facilitate the Exchange of Sensitive Information

Posted on: June 7, 2024 by in News
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For startups and even larger enterprises that participate in fundraising, leveraging a virtual data room (VDR) can help them facilitate the exchange of sensitive data that often happens in this phase. Teams of leaders on both sides of the deal are more comfortable knowing that a VDR lets them collaborate on documents and files as well as monitor user activity with granularity.

When choosing a VDR partner, take into account their security features first. Multifactor authentication along with advanced encryption and robust virus and malware scanning ensure that uploaded documents remain safe and secure. Find a VDR that also includes customizable reports and real-time analytics which can provide the behind-the-scenes information executives in the C-suite need to keep track of the status of projects in progress.

A VDR’s ability to seamlessly import data from existing applications like Google Drive, OneDrive and Box is another important feature. Importing data is much faster and easier if you are able to do it with existing storage solutions such as Google Drive, OneDrive Dropbox and Box.

Any company with a presence in the shipping sector should have a VDR solution that is compatible with their current fleet and future plans. For instance, ship owners that have a fleet of ro ro passenger vessels must be capable of communicating policy updates as well as future strategy plans and input from franchise operators in a collaborative VDR environment. These data are used on a daily basis and is often sensitive. Therefore security features that ensure security, privacy and transparency are vital.

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