Virtual data rooms are the best solution for companies who need to share sensitive information securely and privately. A VDR can aid in any transaction that requires sharing confidential documents more convenient for your business, whether it’s trying to sell itself, raise money, or work with investors and partners. As opposed to free file-sharing applications that are available, modern VDRs provide affordable pricing and practical features that actually get used such as granular permission settings for digital files and documents and security levels like encryption audit trails, as well as dynamic watermarking that allows users to be identified by their login ID and device.
Among the most common use cases of virtual data rooms is due diligence, with the buyer needing to read a lot of documentation from the seller prior to approving the purchase. However, VDRs can also be used by life science companies to share the results of clinical trials, HIPAA compliance and licensing IP. Immovable and real estate properties can also benefit from a secured and flexible way to conduct transactions as well as share documents.
The perks of a VDR extend to all industries that need to share confidential information with investors, partners and customers. Instead of relying on generic tools, it’s better to invest in an enterprise-grade VDR like CapLinked, which is built for seamless business project management and comes with a professional 24/7 customer support via live chat in-app, phone and email -along with mobile apps that are responsive and let you view documents from anywhere. CapLinked offers security to back all its promises that range from document encryption to user login monitoring to dynamic watermarks, and industry-grade data centers that ensure your documents remain safe and secure, no matter where they are being viewed.
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