WED Cadre

Virtual meeting rooms became extremely viral during the past a couple of years. Companies get broad-ranging advantages implementing them. So there is no wonder the virtual data room market became extremely big and profitable. Brand new providers appear constantly, and every one of them does its best to astound users with unique instruments on this constant war for the loyalty of the audience.

But do online deal rooms actually differ that much from virtual repositories? And why would a business pay for it? Since there are plenty of people who will ask these questions, let's figure out the technology behind the electronic data room.

What is a VDR?

Let us start with the basics and take a look at the software itself. It is a virtual storage where enterprises can store their sensitive files. But although it is the most important function of such technology, the list of its features doesn't end on just being an archive. Virtual repository offers its users a complete interface for all brand interactions. Here team members can exchange files, talk about issues, get ready for meetings and many other. Basically, using this technology a business will have a broad range of useful features that will help to lift the performance of the team and whole firm.

So, while ordinary online storages can only offer a virtual space so a business director can keep the data there, electronic data rooms intralinks data room are a complete corporation tool. They can be used during Due Diligence, Mergers and Acquisitions, fundraisings, IPOs and other business interactions.

Safety is above all

Of course, not every business interacts with the sensitive data every day. But although this information can be not quite sensitive, any leader of the business would want to have their data stolen or illegally used. Online storages like popular Dropbox or Google Drive are not actually safe - broad-ranging cases of information leaks have shown it to us quite clearly.

Thus, the main difference of virtual deal rooms is the data encryption and numerous ways of protection. Sure, ordinary cloud hosting services encrypt their transmission lines too - but not really the transferred data itself. And if someone else has a direct link to the file, it can be easily stolen by hackers.

Virtual deal room providers encrypt not only transfer lines but the data as well. There is no way they will experience any kind of danger caused by malicious acts of hackers. Also, all virtual data rooms have a two-factor authentication. It means that to enter the system the team member will need to enter the code that was sent to their phone in an SMS upon signing in.

Besides that, the owner of the digital data room can manage the amount of access other employees have. Settings can be changed at any moment. And if any unusual situation appears, the room administrator can destroy the file remotely or cut the access to it.

Teamwork instruments

Unlike ordinary virtual storages, electronic data rooms are made to enhance the teamwork of the business and within parties. So on top of that that users can share the data with each other, they can as well be involved in talks, create diverse votings, manage Q&As and much more. It is extremely comfortable to have all tools in one interface.

Moreover, leaders of companies have an ability to watch the work process of their businesses in the electronic data room . Some providers even have an artificial intellect implemented in their apps. It allows to predict events and tendencies and get deeper insights. Also, leaders of firms can follow thteam members and realize if there are some flaws in the work of the firm.

In conclusion, there undeniably are many reasons to implement a digital data room in your brand and stop using simple virtual repositories . Once you try a digital data room, you will never want to get rid of it.