Virtual Data Room Providers
The most secure virtual data rooms are easy to use and secure, offering users the ability to share and read documents. They can also assign granular permissions, establish the date for expiration of access, and limit sharing by IP address or a specific device. Furthermore, certain VDRs can add watermarks to files and track downloads to aid in digital rights management. These features offer guests protection from document disclosure.
VDRs can be utilized in numerous business transactions. They are also ideal for companies that need to securely share confidential documents beyond their firewalls. Legal firms can utilize VDRs to communicate with clients, third parties, and colleagues during due diligence, litigation, or other corporate events. Private equity and hedge fund use VDRs to communicate with auditors, limited partners and portfolio companies. Pharmaceutical and biotech companies also depend on virtual data rooms to share intellectual property clinical trial data, as well as other proprietary information to third-party companies.
In addition to security, a reputable VDR provider will offer a range of other useful features that make it easier to manage and control your documents. Choose an easy-to-use UI that is compatible with all major platforms that include iOS, Android, Windows and Mac OS, and that lets you upload and downloading of large documents. Additionally, some vendors permit users to choose between a per-document or storage-based price policy.
Take note of whether the vendor offers 24/7 assistance for any queries or concerns that your team or external users may have regarding the platform. It’s essential to find a VDR provider who is responsive to customer needs, as transactions and crucial business processes are rarely carried out between 9-5.