MyWikiBiz, Author Your Legacy — Tuesday November 26, 2024
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| A virtual data room or virtual deal room is a separate, password-protected website on a secure server. The secure server aspect is critical - it enables the website to be protected against being viewed by anyone other than those logging in with the correct usernames and passwords. | | A virtual data room or virtual deal room is a separate, password-protected website on a secure server. The secure server aspect is critical - it enables the website to be protected against being viewed by anyone other than those logging in with the correct usernames and passwords. |
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− | == Why would using a Virtual Data Room be preferable? == | + | == See Also == |
− | There are real reasons why a virtual due diligence room is preferable to the normal practice of assembling boxes of documents in a conference room or simply sending all the documents back and forth between the various parties by e-mail. Probably most importantly, e-mail is not a secure way of sending documents between the parties involved in the transaction. Documents could be intercepted while in transit, since few individuals today make much use of encryption - so the fact is that the document could be read by outsiders. It’s like sending deal documents written on a postcard through the mail. Given the sensitivity of many of the deals taking place on a daily basis, this alone is a powerful reason to switch to a secure and controlled methodology.
| + | [[Directory:Virtual Data Room|Virtual Data Room]] |
| + | [[V-Room]] |
| + | [[Directory:Due Diligence Online|Due Diligence]] |
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− | Another issue running through transactions is that the various document drafts contained within e-mails and office document management systems are not always easily accessible when away from the office. Even if one could get to the information, there is constantly the question of whether the most up-to-date information is being viewed. A secure, online deal room solves that problem.
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| ==Photo gallery== | | ==Photo gallery== |