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

For start-up companies, and even larger enterprises who are involved in fundraising, using a virtual data room (VDR) can assist them to facilitate the exchange of sensitive data that is often exchanged during this stage. Teams of the leadership on both sides of the deal are more comfortable knowing that a VDR gives them the capability to collaborate on documents and share files as well as monitor the activities of users in detail.

Consider the security features of the VDR before you decide on one. Multifactor authentication advanced encryption, robust encryption and virus and malware scanning ensure that uploaded documents remain safe and secure. Find a VDR that also includes customizable reporting and real-time analytics which provide the behind-the-scenes intelligence C-suite execs need to keep track of the status of their ongoing projects.

The ability of a VDR to be seamlessly imported from existing applications like Google Drive, OneDrive and Box is a different feature. If it is it is possible, the process of import data is a lot faster and easier than trying to integrate the new service into an existing workflow.

It’s crucial for any business that has a presence in the shipping industry to have a reliable VDR solution that’s compatible with its fleet of vessels and future plans. For instance, ship owners that have a fleet of ro ro passenger ships should be able to communicate policy updates, upcoming strategy plans and input from franchise operators in a collaborative VDR environment. The data is used every day and is often deemed sensitive. Therefore security features that offer security, privacy and transparency are crucial.

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