For startup companies and even larger companies who are involved in fundraising, using a virtual room (VDR) can help facilitate the exchange of sensitive data that often happens during this stage. The leadership teams on both sides of the deal can feel more secure knowing that a VDR gives them the capability to collaborate on documents and share files as well as monitor the user’s activities in a granular way.

Be aware of the security features of the VDR before you decide on one. Multifactor authentication, advanced encryption and robust malware and virus scanning ensure that the uploaded files remain safe and secure. Find a VDR which also comes with custom reports and real-time analytics which can provide the behind-the-scenes intelligence C-suite execs need to be aware of the status of ongoing projects.

A VDR’s ability to be seamlessly imported from existing applications like Google Drive, OneDrive and Box is another important feature. If so then the process of importing data is far quicker and simpler than trying to integrate a new solution into an existing workflow.

Every company that operates within the shipping industry should have a VDR solution compatible with their current fleet and plans for the future. Ship owners who manage fleet of ro-ro vessels must be able to share updates on policies, future strategies as well as input from franchise owners in an open VDR. Most of the time this information is needed frequently and is often extremely sensitive, which is why security features that guarantee security, privacy, and transparency are essential.

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