www.vdrdatabase.info/what-is-a-lateral-integration-in-business-examples/
A VDR database is a secure repository for business documents used to speed up the due diligence process in various types of deals. These tools can be an alternative to file sharing software which may not offer the security required for these kinds of transactions. The right tool can improve efficiency and increase the chances of success in any deal.
When choosing the best VDR for your business Look for one that offers advanced features like 256-bit encryption, watermarking, multifactor authentication and invitation delays to ensure access. Look for features that permit you to organize documents into folders and give users granular permissions. These features let you limit the number of people who can print and save specific files, and ensure that confidential data cannot be snatched away.
Investment banks and advisors use VDRs to share large files during M&A, joint ventures, and fundraising. These mission-critical processes require collaboration and the ability to control the data being shared outside of the firewall. Choose an VDR that has an affordable price plan that can adapt to the needs of your business. It should also have a variety of integrations to improve workflow.
Pharmaceutical and biotech companies typically use VDRs to share highly secret formulations, molecules and patents with external partners in clinical trials and licensing processes. You should search for a VDR with granular permissions at the folder level and document analytics to monitor activities and provide transparency and accountability. The right VDR can also help you simplify compliance with regulatory requirements, such as by allowing users to download audit logs, reports and audit logs.