BOARD CONSULTATION CAN COMFORTABLY BE EXECUTED USING VIRTUAL DATA ROOM

30/08/2016

In the epoch of universal globalization, deal-makers should interact and collaborate with each other to remain competitive in their operation realm and to save efficient business contacts. Hence, board members often take the burden of representing their company globally and take part in cross-national meetings, conferences, and different business events. But it does not mean that they is not obliged to engage in managing the corporation: even though board members spend a considerable amount of time on travelling, they as well must participate in company’s performance and voice beneficial solutions.

Virtual repository simplifies this mission as it performs the role of a board portal excellently. A VDR provides board members with a software that helps them to maintain the dialogue with each other and to remain updated about the company’s latest changes, disregarding their geographical location. As the virtual platform is accessible constantly worldwide board members are not expected to feel concerned about missing important news or skipping essential gatherings. In addition, board portals are ordinarily accessible not exclusively via laptops or PCs but also via mobile application: all the files are accessible via mobile phones and tablets.

In addition, in a case board members exchange the data with the help of VDRs they can be sure that there are no dangers threatening the confidentiality of files shared. As email utilization has no role in the data exchange (all the information is approachable only within the repository) there is no danger of data leakage. Moreover, all the data is encrypted and protected with dynamic watermarks thus unsanctioned browsing and sharing are impossible. Two-step user verification, firewalls, and virus scanning guarantee that solely users that passed all the security check steps can enter a VDR.

Simultaneously, board members can provide an access to some documents to talk about them with external experts. Taking into consideration the level of access to the information given, user groups are differentiated but board members can be sure that not a single visitor will browse hidden documents occasionally. That is why, owing to virtual platforms board members have an opportunity to communicate not only with the representatives of a particular corporation but to establish the dialogue with external experts, investors, partners, etc. Obviously board conference can effortlessly be completed with m&a data.

Continuous communication is ensured by Q&A section. When board members are willing to make clear particular data with particular VDR users or groups they can start a branch of questions and answers dealing with particular information. The conversation takes place directly via the virtual room so there are no reasons to worry about confidentiality of the dialogue. Simultaneously all the virtual data room visitors (supposing they possess particular permission) can read the dialogue and join it. Therefore, due to such Q&A sessions, board members have a possibility to talk to specific employees or partners and take part in efficient and important meetings even when being far away.

The effectiveness of deal-making with the help of VDRs is also facilitated by simplicity inherent to the utilization of a data room. All the documents are segregated and create a logical file system that can be navigated intuitively. Due to progressive search tools board members are not expected to look through the whole archive of the data but they might apply filtering tools and keywords in order to detect the information or folder which they are looking for. Also, they have a chance to embed links between the files and make room usage even easier.

Board members on a regular basis have to deal with the need not only to stay updated the latest news from home but also to spread some data clarifying their latest negotiations and business achievements. Bulk and drag-and-drop uploading features intrinsic to virtual platforms enhance this process: board members may upload new files in a few minutes and all the relevant room users will get an email telling about the new data that was added to the room. Therefore, the data investigation can be started right away.

It means that, a reputable virtual platform fulfills a role of board portal and simplifies the life of board members significantly. All the options and instruments immanent to VDRs make the virtual room comfortable and efficient for communication between businessmen: they face significant time savings and they have no limits in their access to secret corporate information.

Secure Data Room What to Count on

18/05/2016

The role of digital solutions in business cannot be overvalued. Several research works prove that using online tools does not only improve the speed and strength of main business processes, but is a necessary condition of keeping a competitive position in the market. One of the most sophisticated solutions for organizational activity is a VDR. Let`s check which way it can be useful.

Virtual repository is the innovation which has gained the great acceptance during the last decade. Even though initially introduced for M&A transactions, the VDR quickly became actively used in the other spheres with the same success: clinical trials, fundraising, legal affairs, real estate, biotech, etc. The major advantages of the technology are its convenient operation and privacy: users have an opportunity to work with the virtual data room anytime, from any location, and without worrying having no worries about a sensitive data safety.

When it is time to choose the virtual solution for processing definite business transactions, it is much important to know all about the characteristics and functions it has to make sure the chosen VDR can truly be advantageous for the certain organization – more about virtual data room cost. The most in-demand features to look for in a trusted service are the following:

Encryption

Various virtual services providers have various security technologies for achieving data safety, but information encryption is always among the standard ones. It supposes encoding the data stored in the data room in order to make the symbols unreadable for those users who are not authorized in the VDR. It is the primary anti-hack step that is a required element for any data room. The difference can only be in the standard of encryption used: the most recent is 256-bit, but 128-bit is also very safe.

Watermarking

If encryption is a protection from unauthorized data accessing, watermarking is a protection from unauthorized data distribution. Digital watermarks enclosed to the files store the information regarding their owners so the rights is absolutely protected. These digital watermarks might be dynamic which means that they can keep the data about the accesses to the documents that took place.

2-step authorization process

The most trusted way to secure the VDR from hackers is to give them no possibility of even gaining access to the documents. To achieve this aim, many reliable providers offer two-step verification process that has two components: typing down a common password in a combination with typing down the code that was sent right to his smartphone.

Activity monitoring and reporting

This function does not only give a chance to see what exactly proceeds in the VDR, but also gives the information regarding the parties` interest in the deal. Monitoring instruments that are used in a chosen virtual repository usually let owners to monitor the activities within the online space and draw conclusions regarding the most active deal members. This information is highly useful for processing deals when the result of the transaction may be influenced by the well considered final negotiation.

Permissions and restrictions

With a virtual data room, there is no possibility for transaction members to gain access the wrong documents. The VDR itself checks the operations and makes certain files inaccessible for certain system users. The important step that should be done in advance is defining the permissions and restrictions for all the system users, and they will certainly be carefully followed.

Q&A module

This section has been intentionally included for ensuring online-based communication between the participants. The offered means of communication does not only allow to reduce time, but also improves the safety of the discussed information. To make the section truly convenient, Q&A space might be equipped with the e-mail notifying system and in-document linking which offers a possibility to link the certain files to the Q&A space.

Customization

Some virtual data rooms offer basic interface that cannot be corrected, the other products suppose some possibility of customization. In addition to settings variations made by certain users, the company that has a virtual data room has a chance to introduce its desirable interface. In order to make the virtual repository recognizable for current and future clients, well-known corporations apply their logotypes and main company colors.

The mentioned functions are much valuable for files protection and easy management. While the first three are used to arrange the files safety, other four relate to the means of managing the information to make the deal better controlled and advantageous.

Virtual repository is a software which can introduce a dramatic change in data storing, managind transactions, and communicating with business partners. If you have decided on improving the speed and effectiveness of your business processes, begin looking for the appropriate virtual solution today and be sure to get the profit tomorrow.

Secure Data Room What to Count on

The role of digital solutions in business cannot be overvalued. Several research works prove that using online tools does not only improve the speed and strength of main business processes, but is a necessary condition of keeping a competitive position in the market. One of the most sophisticated solutions for organizational activity is a VDR. Let`s check which way it can be useful.

Virtual repository is the innovation which has gained the great acceptance during the last decade. Even though initially introduced for M&A transactions, the VDR quickly became actively used in the other spheres with the same success: clinical trials, fundraising, legal affairs, real estate, biotech, etc. The major advantages of the technology are its convenient operation and privacy: users have an opportunity to work with the virtual data room anytime, from any location, and without worrying having no worries about a sensitive data safety.

When it is time to choose the virtual solution for processing definite business transactions, it is much important to know all about the characteristics and functions it has to make sure the chosen VDR can truly be advantageous for the certain organization – more about virtual data room cost. The most in-demand features to look for in a trusted service are the following:

Encryption

Various virtual services providers have various security technologies for achieving data safety, but information encryption is always among the standard ones. It supposes encoding the data stored in the data room in order to make the symbols unreadable for those users who are not authorized in the VDR. It is the primary anti-hack step that is a required element for any data room. The difference can only be in the standard of encryption used: the most recent is 256-bit, but 128-bit is also very safe.

Watermarking

If encryption is a protection from unauthorized data accessing, watermarking is a protection from unauthorized data distribution. Digital watermarks enclosed to the files store the information regarding their owners so the rights is absolutely protected. These digital watermarks might be dynamic which means that they can keep the data about the accesses to the documents that took place.

2-step authorization process

The most trusted way to secure the VDR from hackers is to give them no possibility of even gaining access to the documents. To achieve this aim, many reliable providers offer two-step verification process that has two components: typing down a common password in a combination with typing down the code that was sent right to his smartphone.

Activity monitoring and reporting

This function does not only give a chance to see what exactly proceeds in the VDR, but also gives the information regarding the parties` interest in the deal. Monitoring instruments that are used in a chosen virtual repository usually let owners to monitor the activities within the online space and draw conclusions regarding the most active deal members. This information is highly useful for processing deals when the result of the transaction may be influenced by the well considered final negotiation.

Permissions and restrictions

With a virtual data room, there is no possibility for transaction members to gain access the wrong documents. The VDR itself checks the operations and makes certain files inaccessible for certain system users. The important step that should be done in advance is defining the permissions and restrictions for all the system users, and they will certainly be carefully followed.

Q&A module

This section has been intentionally included for ensuring online-based communication between the participants. The offered means of communication does not only allow to reduce time, but also improves the safety of the discussed information. To make the section truly convenient, Q&A space might be equipped with the e-mail notifying system and in-document linking which offers a possibility to link the certain files to the Q&A space.

Customization

Some virtual data rooms offer basic interface that cannot be corrected, the other products suppose some possibility of customization. In addition to settings variations made by certain users, the company that has a virtual data room has a chance to introduce its desirable interface. In order to make the virtual repository recognizable for current and future clients, well-known corporations apply their logotypes and main company colors.

The mentioned functions are much valuable for files protection and easy management. While the first three are used to arrange the files safety, other four relate to the means of managing the information to make the deal better controlled and advantageous.

Virtual repository is a software which can introduce a dramatic change in data storing, managind transactions, and communicating with business partners. If you have decided on improving the speed and effectiveness of your business processes, begin looking for the appropriate virtual solution today and be sure to get the profit tomorrow.

Data Room What to Look For

28/04/2016

The importance of digital solutions in business cannot be overvalued. Various researches prove that using online tools does not only increase the speed and strength of most business transactions, but is the required condition of keeping a leading position among competitors. Among the most in-demand platforms for business is a virtual repository. Learn which way it can be useful.

Online data room is the innovation which has earned the huge demand during the last decade. Even though initially designed for processing deals, the technology quickly got actively used in plenty of other areas as well: clinical trials, fundraising, legal practice, real estate, biotech licensing, etc. The major advantages of the technology are its convenient operation and security: parties can work with the VDR anytime, from anywhere, and without worrying having no worries about their data being safe.

When it is necessary the platform for performing deals online, it is most important to get well acquainted with all the main characteristics and options it has to be sure it can surely bring advantage to the organization – more about data room merrill. The key options to expect from a sophisticated service are the following ones:

Data encryption

Different vendors use various security measures for ensuring the files safety, but information encryption is among the standard ones. It supposes encoding the information placed in the data room in order to make the text unrecognizable for unauthorized users in the data room. This is the primary anti-hack step which is a necessary condition for all the VDRs. The difference might only be in the encryption standard used: the latest is 256-bit, but 128-bit is considered also very safe.

Watermarking

While encryption is viewed as a protection from improper accessing, using watermarks is a protection from improper sharing. Special watermarks attached to the files store the data about the document`s owning organization thus the copyright can be absolutely protected. These digital watermarks can be dynamic and, in this case, they can store the information about all the accesses that have taken place.

Two-step verification

The best way to secure the data room from hackers` attacks is to restrict their chances of ever viewing the files. To achieve this aim, many trusted VDRs offer two-way verification that proceeds in 2 components: typing down a user`s password in a combination with using the code that was sent directly to his mobile.

Performance monitoring and audit log

Activity tracking and audit log feature does not only help to check what exactly happens in the VDR, but also gives a feedback about the sides` level of interest in the transaction. Monitoring instruments used in a chosen data room mostly allow the target company to track the actions in the virtual storage and draw conclusions regarding the most active parties. The gathered data is highly valuable for processing deals when the result of the whole transaction may depend on the well considered negotiations.

Setting permissions

When there is a virtual data room, there is no chance for process participants to view the wrong files. The VDR itself controls the operations and can make certain documents impossible to view for the chosen system users. The only step that has to be done in advance is identifying the rights for the data room users, and to be sure they will certainly be carefully followed.

Q&A module

The indicated section has been intentionally designed to ensure online-based interaction between users. This means of interaction does not only help to minimize time losses, but also adds to the security of the discussed matters. For users` convenience, Q&A section may be equipped with the e-mail notifying system and document linking feature which offers an opportunity to link the certain files to the Q&A space.

Customization

Definite data rooms have basic interface which can`t be changed, the other products allow some chance of customization. Together with settings variations made by the users, the organization which possesses a VDR has a chance to select its chosen interface. In order to make the VDR recognizable for current and potential clients, well-known organizations use their logotypes and company colors.

The mentioned functions are absolutely significant for document security and efficient working. While the first three ones are used to arrange the documents safety, other four concern the way of using the information to make the working process better controlled and beneficial.

Online data room is a software that can perform a dramatic change in data storing, processing deals, and communicating with business partners. If you have decided on improving the quickness and efficiency of your business processes, start selecting the appropriate online data room today and get the profit tomorrow.

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25/04/2016

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19/04/2016

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15/04/2016

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01/04/2016

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30/03/2016

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