A reputable online vdr will offer an upfront pricing structure and data usage allowances that include no hidden charges. It should also guarantee the highest security in line with ISO 27001:2013 certification as well as GDPR. It should also include an advanced synchronization engine which automatically updates content when source files are moved, deleted or renamed. The built-in reporting and activity tracking feature will allow you to keep track of all actions taken on documents and files in greater detail.
The biggest benefit of an online vdr is the peace of mind that comes from knowing your confidential information-financial statements, contracts, legal documents, intellectual property, and more-will be accessed only by authorized parties. Investment banks, advisers, and M&A professionals depend on VDRs to keep due diligence processes running. Legal firms also use VDRs to communicate confidential documents with clients, law firms as well as third parties in litigation and business transactions. Also, pharmaceutical and biotech companies which use them to safeguard research and clinical trial information from disclosure or access by unauthorized persons.
In contrast to generic file sharing tools, VDRs are purpose-built to enable users to share thousands of documents in meticulously organized folders with 3rd parties. Additionally, their powerful and granular permission settings security measures such as multi-factor authentication, data encryption and multi-factor authentication, and robust activity tracking and auditing capabilities ensure that only the right individuals are able to access the right documents.
