For many companies, undergoing an audit and/or financial due diligence will likely be an inescapable reality at some point in their existence, and the idea of undergoing either arduous process is no doubt rather daunting. Granted, they are quite different processes, but they both involve fairly substantial scrutiny of a company’s finances. This can obviously shed a lot of light on how a company is doing, but it can also bring up some unexpected issues and may force a company to have to make some pretty tough decisions. Here is a brief rundown on the primary differences between an audit and financial due diligence:Read More
When it comes to storage, businesses typically have two options to choose from: online document storage or on-site storage. Of course, there is no universal solution for all businesses, as each storage type has its own unique advantages and potential drawbacks. In general, however, it's been found that secure online document storage is a better option for most businesses than on-site storage—and for a number of reasons.Read More
Fundraising is generally unavoidable for startups and small businesses. This is particularly true in certain sectors where access to capital and equipment is crucial, such as life sciences and technology. Of course, these are industries that tend to be driven by intellectual property (IP) as well, so there is always quite a bit at stake when companies are in pursuit of a cash infusion and required to divulge company information to garner interest and dollars. It is likely impossible to avoid sharing all of a company's IP during fundraising rounds, as prospective investors need to have some sense of where their investment is going. But, companies can take steps before, during, and subsequent to any fundraising round to ensure that their IP remains secure.Read More
These days, an increasing number of businesses have begun making the transition from physical data rooms to virtual storage. In fact, one survey found that more than 50% of businesses use some form of cloud data storage—and for good reason. Not only does virtual data storage save space, but it also makes for more convenient file access. Rather than having to dig through countless filing cabinets to locate a specific document, virtual data storage makes it possible to access digital files remotely, from the convenience of a personal computer or other electronic device.Read More
During negotiations with investors, the company seeking funding must ensure that it implements and maintains a systematic and organized approach to communication and information sharing. One of the best ways to achieve this is to establish an online deal room. Of course, any random cloud-based data storage solution will not suffice. After all, when there are millions of dollars at stake, a lot of the information that must be furnished will be of a sensitive and valuable nature.Read More
SecureDocs Virtual Data Room and other traditional virtual data rooms like Merrill, RR Donnelley, and Intralinks are all designed to help business accomplish the same goals. These data rooms provide executive teams a secure way to store and share critical business documents with internal and external parties during business events including M&A, fundraising rounds, licensing deals, strategic partnerships, and for ongoing secure document management. So, if they all allow administrators and users to achieve the same goals, and offer similar features, why choose one over the other?Read More
Executive teams always have a million decisions to make, and when it comes to spending money on business tools and services, it can be daunting trying to figure out which direction to take. Data security is obviously incredibly important these days, but choosing a data room provider shouldn’t be overwhelming. Here are 6 quick tips when it comes to selecting a data room:Read More
The SecureDocs audit log is an action based record of all user activity in the data room. The audit log, or audit trail, is used by room administrators to track the time, date, and activities of each data room user. Incuding details about who is viewing which documents, how many times they are being viewed, and any other action being taken in the room. With the ability to gain insight into so many facets of data room activity the SecureDocs audit log helps companies work faster and more effectively.
Here are a some of the key ways a SecureDocs audit log helps companies:Read More
In the first part of this series, we gave you a broad overview of exactly what a Virtual Data Room (VDR) actually is, as well as its many features and uses for a variety of today’s businesses. In this second part of our series, we are going to examine further why many businesses are making the decision to store their sensitive company information within a VDR (also known as a corporate repository) over some other, less expensive options available today.
Businesses depend on cloud-based systems for collaboration and file sharing. It’s a key component for getting work completed in today’s mobile business landscape. For startups and organizations looking to save money during their fundraising stages, sites like Dropbox may seem like an attractive option. They gain that initial appeal because of the price tag – they’re free. However, what many businesses fail to understand is the high costs of a security breach at the organization, which the free document storage services put the businesses at a higher risk for.Read More