A reputable online vdr should offer an unambiguous pricing structure with data usage allowances and no hidden costs. It should also offer highest level of security, in accordance with ISO 27001:2013 and GDPR. Additionally, it must provide an efficient sync engine that keeps content updated automatically when source files are added or changed relocated, renamed deleted, or uploaded. The built-in reporting and activity tracking allow you to track all actions performed 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 running. Legal firms also use VDRs to communicate confidential documents with law firms, clients and third parties in litigation and business transactions. Also, pharmaceutical and biotech companies that utilize them to secure clinical trial and research data from unauthorized access or disclosure.
In contrast to generic file sharing tools, VDRs are purpose-built to make it easy and efficient to share thousands of documents in well-organized folders with third-party. Their sophisticated and precise settings, security features like multi-factor authentication, data encryption and robust activity tracking and auditing capabilities, guarantee that only the correct people are able to view the documents.
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