When a high-stakes deal is on the line, the ultimate goal is a done deal, completed with a signed contract. Along the way, businesses can’t afford to take any chances when it comes to data security. When managing complicated transactions like mergers and acquisitions, real estate and legal affairs, board reporting, and corporate IPOs, a single accidental leak could cost millions of dollars, or result in serious legal liability.
Once upon a time, these deals could only be handled in person, with strict security protocols in place to keep all relevant paperwork and information confined in a single room, called a “data room.” Likewise, all contracts were signed on paper in person. Today, businesses can accomplish these deals more quickly from afar by taking advantage of powerful tools like RightSignature and Citrix ShareFile Virtual Data Room (VDR).
Like traditional data rooms, virtual data rooms provide restricted environments for businesses to discuss sensitive topics. For example, virtual data room services often allow you to secure any relevant documents with incredibly specific permissions—allowing you to restrict access based on a single file, a particular user, or time of day. Virtual data rooms also include logging features that track all access to any internal document. ShareFile VDR also works with the best-in-class ShareFile + RightSignature integration, making it easy to turn sensitive business discussions into a done deal, no matter where each party resides.
For example, imagine your business was closing on an important real estate deal to acquire a new office in a different country. If word of your negotiations went public, it might alert your competitors of your future plans before you’re ready to capitalize. Using a virtual data room service like ShareFile VDR, you could ensure that all your negotiations remain completely confidential and even close the deal without any potential leaks. Add it all up and it’s just another example of RightSignature and ShareFile, plus the virtual data room package, adding value for your business.
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