https://vandaengine.org/hipaa-compliance-data-security-for-healthcare/
There is no space for error when it comes down to sensitive files that are shared during M&A transactions. Data breaches, miscommunications, and other mistakes that could cause deal disruption cost a lot of time and money, and can derail the entire transaction. VDR solutions today provide greater security and performance at much less than older technologies.
The best virtual data rooms platforms are flexible and user-friendly, designed to meet the specific needs of a specific workflow or transaction. You can tailor the virtual data room with the features and permissions you require while still providing authorized users with access to robust due-diligence tools such as watermarking, role-based security, antivirus scanning and two-factor authentication.
For example CapLinked’s hierarchical tags permit administrators to arrange a virtual data room into sub-categories for documents based on file type that can accelerate the due diligence process. You can also track document viewing activity with various reports, including a “heat map” by users, and different charts, which show who has seen which documents and for how long.
Venture capitalists as well as private equity firms and other investors typically look at several deals simultaneously. This requires a lot of information to be organised. The ability to upload large quantities of documents and then arrange them into easily navigable groups and folders accelerates the due diligence process and allows you to close more deals in a shorter time.