A reputable online vdr should offer a clear pricing structure and allowances for data usage with no hidden fees. It should also offer maximum security, in line with ISO 27001 certification and GDPR. It should also be equipped with a robust synchronization engine that automatically updates content whenever sources are moved, deleted or renamed. In addition, the built-in activity tracking and reports page will let you track all actions on documents and files with complete precision.
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. This includes investment banks, advisers and M&A professionals who rely on VDRs in order to keep deals moving and due diligence processes running smoothly. Legal firms who use them to share privileged documents with clients, other law firms and with third parties for business transactions and litigation. Pharmaceutical and biotech companies employ them to guard their clinical trial and research data from unauthorized access and dissemination.
VDRs unlike standard file-sharing tools, are designed to make it easy and efficient to share thousands of documents in carefully organized folders with other users. Additionally, their powerful and granular permission settings security measures such as multi-factor authentication and data encryption and a robust activity tracker and auditing capabilities ensure that only the appropriate people can see the right documents.