Types of Data Rooms

If you’re considering a virtual data room (VDR) for any due diligence project, collaboration or storage, there are many different kinds of VDR solutions available. Finding the best solution for your requirements is essential as you need to ensure that your files are easily accessible, able to be shared and downloaded securely and that all data read at dataroomspace.net remains secure throughout the entire time.

Due Diligence

One of the most popular reasons to use the use of a virtual data room is due diligence in M&A deals. It involves sharing sensitive data between two or more parties, such as financial documents and records of legal. A VDR lets buyers and sellers to conduct due diligence in an organized secure and controlled manner. In this stage it is crucial to track what information was obtained and by whom to ensure there aren’t security breaches or sensitive information leaks. Screenshot protection and watermarking can help prevent this during the due diligence stage.

Preparation

A preparation VDR is a great method to organize your team prior to when a full due diligence exercise begins. This allows you to upload documents and information early to ensure that everything is ready to go when third parties are invited in as well as allowing for significant process efficiencies along way. The most efficient preparation virtual data rooms have granular document permissions that can be customised by role, folder and even the level of file and document to ensure that only the information you require is available.