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Online Data Room and SSL

SSL and online data room

A virtual dataroom is a safe location to share sensitive information. This Online data room and SSL is particularly useful for corporate events that require the disclosure and review of confidential documents with individuals who are not within the firewall. VDRs also provide features such as audit trails and reports that help keep track of activity, safeguard against leaks, as well as prevent accidental document disclosure.

Due diligence in M&A transactions is the most frequent use of a VDR. This is because the sell side requires an encrypted platform to share documents with investors who are interested and the buy-side needs an easy method to review that documentation.

Other uses for a VDR include fundraising and other high-risk business activities. For instance the private equity firm might utilize a VDR to provide documentation to potential investors and provide access to the company’s financial performance as well as growth metrics.

When you are choosing a VDR Choose one with a solid reputation and offers a wide selection of features. Make sure the VDR has a an interface that is user-friendly as well as training and support for users to get started. Also, look for a company that has security standards and certifications.

A good VDR solution will provide collaboration tools, search functionality and detailed audit trails and reporting. You can also manage and upload documents quickly and set up permissions that control who is allowed to view and edit files. Once the task or transaction is finished, it will be easy to revoke access.