Every company, whether big or small, has a warehouse or storage space where they keep their essential documents, equipment, and materials. Businesses know the importance of storing and accessing these resources in a sufficient and secure place.
Physical storage space, however, is often not enough to keep all the data. With advancements in technology, companies can now enjoy an online solution to this problem through the use of Virtual Data Rooms.
With this, they can keep, share, and access all their confidential data in secure cloud storage.
What is a Virtual Data Room?
Virtual Data Rooms (VDR) are cloud-based storage solutions where companies can store, access, and share confidential data. These online databases are equipped with several security features to cultivate a secure online environment for all authorized parties.
A virtual room enables businesses in a merger or acquisition deal to share data and documents with other parties to examine real-time. A central server stores the data and other confidential files in electronic format. Authorized users can access them 24/7 through the internet.
In the past, Video Data Rooms were used by accountants, lawyers, buyers, and other professionals to access and review confidential files. Today, these businesses across various industries take advantage of VDRs to minimize costs and eliminate the need for physical consultation and storage rooms.
Why Should You Get a Virtual Data Room?
Business owners and professionals can peacefully sleep when they know their essential and confidential information is secure. From intellectual properties, HR information, financial data, and business deals, a virtual data room is capable of keeping large volumes of data.
This cloud solution can track both user and data activity. Only authorized parties can see and review what you want to share with them. You will be confident that all your files are safe.
It is the ideal solution for companies and professionals who regularly manage and conduct business transactions and deals.
How Virtual Data Rooms Differ from Other Storage Platforms?
A virtual data room is distinct from other storage platforms through the following capabilities:
- Data and User Control – One of the unique features of a virtual data room is the control for both user and data. Companies can customize restrictions for specific users or parties. Through its security features, unauthorized users won’t be able to breach or see confidential files. Additionally, companies can control which documents or data an authorized party can access. They can also track records and data activities.
- Security – Virtual Data Rooms are more secure than physical storage platforms. They are equipped with enterprise-grade security, world-class data encryption, firewalls, and virus protection to protect all your important files.
- Communication tools – A virtual data room is also similar to a secure online meeting platform. Here, users and parties can collaborate and work together. Users can post questions and answers about the documents presented directly on the platform.
Virtual Data Rooms are becoming an integral part of various businesses to manage and close deals and transactions. Knowing that your important documents and sensitive data are kept protected is simply invaluable.
That is why companies such as Caplinked are set to deliver a secure solution and storage space for your organization.