vdr database

A VDR database is a secure way to protect sensitive data and files from unauthorized access. It is a crucial element in complex commercial transactions and mission-critical processes that require the safe, efficient sharing of thousands documents. While services like Dropbox or Google Drive seem similar, they lack the security and special features that professionals require to conduct these operations. A VDR database is the best option for companies that need to share confidential data with many counterparts.

Investment banks rely on the VDR database to keep M&A deals going and to streamline due diligence for capital raising, IPOs and mergers. These processes typically involve huge volumes of documents that must be swiftly and securely shared with different parties such as regulators, investors and potential buyers. This scenario is perfect for a VDR because it permits users to set up folder levels of permission as well as individual user rights.

Life science and technology companies are major users of VDRs to safely share intellectual property chemicals, chemical formulas and molecules with partners outside of fundraising, licensing and clinical trials. These types of scenarios are ideal for VDRs due to their ability to safely store large amounts of information and offer reports that are customizable.

A good VDR should include advanced security features, such as encryption and two-factor authentication. It should also have single sign-on that allows users to sign in to multiple applications using one set of credentials, and stops cybercriminals from using compromised login information to gain access to multiple accounts. It should also come with an user interface that is easy to use and lets users quickly download documents and upload.