In a world where data is king https://laptopnewssite.com/document-filtering-tools-and-automated-redaction-in-data-rooms/ it’s no wonder why virtual data rooms are now an essential tool for a lot of businesses. They enable secure and efficient storage and sharing of documents with employees, as well as with other outsiders. Although we usually think of VDRs with M&A and due diligence but they can also be used to do much more. As an example companies often create strategic partnerships to gain access to new markets or create new products. These partnerships require a significant amount of document sharing.

Vendors were quick to recognize the opportunity as demand for VDRs increased and developed solutions that would satisfy this demand. VDR providers are today more advanced than they were in the beginning. Initially, most of these solutions had connections to Financial Printing companies: Intralinks, RR Donnelly and Merrills all had their own data room solutions and Sterling released the iRooms.

The increasing acceptance of virtual data rooms accelerated and according to IBISWorld the revenues generated by this category of software reached over $800 million in 2017. While some vendors offer an uncomplicated system with no support or training, others have dedicated teams on call for customers and offer an entire suite of tools that simplify the M&A process.

CapLinked is a great illustration. The platform allows users to access and manage all the necessary information needed to conduct the transaction from any place and from any device. Its features include the ability to create multiple projects, manage access using custom permissions, add NDAs, apply branding and watermarks, add notes or Q&As that are specific to the project and automate indexing. CapLinked lets you schedule reports that are sent to users via email, ensuring that they’re informed of any changes to the project.