For startup companies and even larger enterprises who are involved in fundraising, making use of a virtual data space (VDR) can help them facilitate the exchange of sensitive data that often happens in this phase. Teams of leaders on both sides of the deal are more comfortable knowing that a VDR allows them to collaborate on documents and files, and also monitor the user’s activities in fine detail.

When choosing when choosing a VDR partner, look at their security features first. Multifactor authentication advanced encryption, as well as robust malware and virus scanning ensure that uploaded documents remain secure and private. Find a VDR that comes with customizable reporting and real-time analytics which can provide the behind-the-scenes intelligence C-suite execs need to keep track of the status of their ongoing projects.

The ability of a VDR to be seamlessly imported from existing services like Google Drive, OneDrive and Box is another important feature. Importing data is a lot faster and easier if you are able to do it with existing storage solutions such as Google Drive, OneDrive Dropbox, and Box.

It’s essential for any company that is active in the shipping industry to have a reliable VDR solution that’s compatible with its current fleet and future plans. For instance, ship owners that have a fleet of ro ro passenger vessels must be in a position to communicate updates to their policies as well as upcoming strategies and input from franchise owners within an integrated VDR environment. For the most part the data is required frequently and is typically very sensitive, therefore security features that guarantee privacy, control and transparency are essential.