cloud-based document sharing system
A modern data room enables companies to get ready, run and realize value from M&A deals as well as asset sales, fundraising rounds due diligence and other crucial business activities. It is also used to support a range of other essential business processes such as governance, compliance and tenders.
It is widely recognized that virtual data rooms provide the security needed to safeguard confidential information from unauthorised viewing or downloading as well as malicious external attacks and other risk factors. They are a far superior alternative to using paper-based storage, or email to transfer sensitive data.
Look for a provider that allows you to modify the permissions of each document or folder so that users have limited access or full access to certain documents. This will ensure that your private information is only viewed by those you would like to see it by. Consider a service that allows you to add annotations. This is a great way for you to highlight data you believe should be highlighted, or to ask questions that you need to be answered. The other benefit is that the annotations are only accessible to you, not the third party that you are sharing them with.
Consider adding a section for references and referrals in your investor data rooms to show that you have a large network of investors and customers. It will help in building trust and confidence that you are a safe option for them.