Virtual Data Room (VDR)
- A Virtual Data Room (VDR) is a series of proprietary extranets that provide an online repository of data. Business organisations typically use a secure Virtual Data Room to share critical information with external customers and partners in a secure and online environment. The Virtual Data Room gives access to external parties to view documents relevant to a particular transaction on authorisation basis. Documents are stored in electronic format on a central server and accessed via the Internet globally.
- All necessary securities like Watermark, Timestamping, restricted access, restricted print and download/upload options as per the requirement, with the logs maintained for the entire activity. The key reasons why businesses prefer VDRs instead of physical data rooms are instant delivery, 24 x 7 access from any location, and any device through the Internet connection.
- Access is provided to selected users to view the documents following all cyber security standards (SBI) & Regulatory guidelines (SEBI, RBI).
- VDR has wide utility in the following areas in the financial market viz. in Project Financing, in Loan Syndication, for Asset Reconstruction Companies, for Stressed Assets Sales, for Resolution Professionals under NCLT, for Secured Creditors enforcing the security thru’ SARFESSAI, DRT or thru Courts.
Benefits and Advantages
Centralized Document Repository
STCL is placing the documents in a centralized repository for easy access and having a natural stamp duty impact.
Global Accessibility
The VDR application can be accessible to many remote users from all over the world at the same instance. Geographical distance and Time zones are no longer a barrier for creating, editing, and reviewing timely and sensitive documents. as our VDR can be made accessible to users on a 24/7 basis along with all kinds of trail logs for activity tracking purposes.
Increased Productivity
STCL VDR Solution maintains all documents in a centralized, indexed repository, with the documents always available to any user with access rights. This reduces the time to access, analyze and re-transmit information and data thereby increasing productivity along with providing the workflow facility to match any business flow for the document management process.
Data Protection
STCL VDR Solution is located at Secured Data Center which is physically protected as well as virtually there are other inbuilt system protections like watermarks on files, date stamping, complex authorizations, restricted view of data room, backup data, and end-to-end file encryption (AES 256 or above) with password protection (SHA 2 or above).