Virtual Data Room Providers
The top virtual data room providers are secure and easy to use, allowing users to share and read documents. They can also provide more granular permission settings, establish access expiration dates, and restrict sharing to IP addresses or specific devices. Additionally, some VDRs can include watermarks on documents and track downloads for digital rights management. These features protect guests from document disclosure.
VDRs can be used in many business transactions. They are also ideal for companies who require a secure way to share confidential documents outside of their firewalls. Legal firms can make use of VDRs to communicate with their clients, partners and colleagues in the course of litigation, due diligence or other corporate events. Private equity and hedge funds typically utilize a VDR to communicate with limited partners, auditors and portfolio companies. Virtual data rooms are used by pharmaceutical and biotech firms to share intellectual property, clinical trials, and other proprietary data with third parties.
Alongside security, a trustworthy VDR service will offer an array of other helpful features that make it easy to manage and control your documents. Look for a user friendly interface that is compatible with the most popular platforms like iOS, Android and Windows. It should also allow quick uploading or downloading of large documents. Furthermore, certain vendors allow you to choose between per-document or storage-based price policy.
Check if the vendor offers 24/7 assistance to address any concerns or questions that your team or external users may have regarding the platform. Transactions and crucial business processes are rarely completed within the hours of 9-5 Therefore, it’s essential that your VDR provider is available throughout the day.