http://www.dataroomnow.net/transaction-tracking-feature-was-announced-from-top-vdr-providers/
Concerning Personal Data Room
In the past that had to conduct due diligence or legal proceedings stored sensitive documents in physical rooms like their headquarters, a vault in their law firm or in an off-site secure location. This meant that those involved in the transaction would have to manually sort through stacks of papers which was slowing the process.
Virtual data rooms can help to accelerate the due diligence process. A reliable VDR can allow you to search for a document quickly by name and keep track of the use of the information, so you determine who is examining the data and when.
It is essential to determine if the VDR provides advanced security features, like encryption for storage and transit. They should also feature watermarks and restricted view features to prevent leaks. They should also have the ability to allow you to provide conditions and terms of access agreements to recipients in order to view files.
An effective virtual data room will help alleviate concerns from potential investors by demonstrating that your business takes its security seriously. It can also prove that your company is prepared for regulatory compliance issues like the California Consumer Privacy Act, Health Insurance Portability and Accountability Act, Sarbanes-Oxley Act, and the European Union’s General Data Protection Regulation. These options can aid in increasing your chances of raising capital for your next round of capital and ensure that funds put into your business are used to their fullest potential.