A reputable online vdr provides a clear pricing structure, data usage allowances and no hidden charges. It should also provide highest security in line with ISO 27001:2013 certification and GDPR. It should also have an efficient synchronization engine that automatically updates content when sources are moved, renamed or deleted. The built-in reporting and activity tracking feature will allow you to monitor all actions that are taken on files and documents in depth.
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 moving. Legal firms who use VDRs to share confidential documents with clients, law firms, and other third parties for litigation and business transactions. Pharmaceutical and biotech companies utilize them to protect their clinical trial and research data from unauthorized access or dissemination.
VDRs are not like other file-sharing software, are designed to make it simple and efficient to share thousands documents in organized folders with third party. Their powerful and flexible settings, security features like multi-factor authentication, data encryption and robust activity tracking and auditing features, ensure that only the correct people are able to access the correct documents.