board portals: enhancing corporate communication

When significant transactions occur such as M&A or capital raising, both parties involved need to review lots of documents. These documents can be extremely sensitive and require protection to ensure privacy and compliance. An online data room is a viable solution that lets multiple parties access to and collaboration on sensitive documents.

There are many uses for an online data room. One common use is the storage of corporate documents. This can be a vital element of a compliancy procedure or when lawyers, accountants and auditors must review company records. A secure virtual dataroom permits them to do this without fear of a breach or a violation of compliance.

A virtual data room is a great way to manage intellectual property (IP). Startups and companies in the technology industry that are seeking investors can upload their IP disclosures and documents into a virtual space, making it easier for investors to look over them. The metadata and the logical structure of the folders allows you to find relevant documents, speeding the due diligence process.

Investment bankers use online data rooms frequently when they work on capital raising or M&A transactions. These processes require huge quantities of information sharing between various stakeholders and a virtual data room is the perfect solution for executing this effectively. The granular document permissions (user and group-based) and watermarking features and the capability to remotely revoke access are just a few of the tools a virtual data room could offer for this purpose.