A VDR database is a secure way to protect sensitive data and files from unauthorised access. It is an essential element of complex business transactions as well as mission-critical processes that require the secure and efficient sharing of thousands of documents. While services like Dropbox or Google Drive seem similar, they don’t have the security or specialized features that professionals need to conduct these operations. A VDR database is the best choice for businesses that want to share sensitive data with several counterparts.

Investment banks rely heavily on the VDR to simplify due diligence and keep M&A transactions moving. These processes often require huge amounts of documentation that need to be quickly and securely shared with various parties, including investors, regulators and potential buyers. A VDR’s ability to create folder levels of access as well as set users’ permissions at a high level is an ideal solution for this scenario.

Life science and technology firms use VDRs extensively to securely share intellectual property, chemical formulas and molecules with external parties during fundraising, licensing, and clinical trials. These use cases are ideal for VDRs as they can safely store large amounts of data and provide customizable reports.

A good VDR should offer webpage advanced security measures, including encryption and two-factor authentication. It should also permit users to log in to multiple applications with one set of credentials. This helps prevent cybercriminals from getting access to multiple accounts using compromised login credentials. It should also feature an intuitive user interface that allows for quick upload and download.