What is a Virtual Data Room?
Virtual data room (VDR) is a term that is getting tossed around more and more in the business community, but many people really have no idea what one is. A virtual data room is an online portal that enables documents to be posted, viewed and downloaded in a secure manner.
Virtual data rooms are quickly becoming an effective way to conduct audits, perform mergers & acquisitions and real estate transactions without having to spend thousands of dollars on travel and meeting expenses. By simply uploading your documents to a secure virtual data room your organization can conduct business with companies around the world easily without having to send staff and physical files anywhere. By reducing travel and meeting logistics, many deals that use a virtual data room solution are completed much faster than traditional, in-person deals.
A virtual data room is also an ideal solution for small business that needs an affordable file transfer solution. For instance, many real estate agents depend on virtual data rooms to conduct real estate business transactions. Additionally, attorneys and accountants also have have started using a virtual data room solution to conduct due diligence during acquisitions and to execute financial transactions.
The ShareFile virtual data room solution is a web-based tool that requires no expensive software to buy or any involvement from an IT department. As a web-based solution, the ShareFile virtual data room provides access from anywhere, enabling your organization to easily conduct business globally.
A Few Highlights of the ShareFile Virtual Data Room Solution
- Dynamic watermarking
- Unlimited pages and data rooms
- Files are stored encrypted
- Custom branding with your company logo
- Custom folder privileges
- Robust reporting
To speak with a ShareFile virtual data room expert call (888) 260-6550 or visit our virtual data room page.
Request more information by clicking here.