A reputable online vdr should offer a clear pricing structure including data usage allowances, and no hidden costs. It should also guarantee the maximum security in line with ISO 27001:2013 certification as well as GDPR. It should also have a robust synchronization engine that automatically updates content whenever source files are moved, deleted or renamed. The built-in reporting and activity tracking will allow you to track every action performed on files and documents in 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. This also includes law firms who use them to share confidential documents with clients, other law firms and third party for business transactions board meeting software and litigation. And it includes pharmaceutical and biotech companies which use them to safeguard research and clinical trial information from disclosure or access by unauthorized persons.
VDRs, unlike generic tools for sharing files, are designed to make it simple and efficient to share thousands documents in well-organized folders with other users. Furthermore, their robust and granular permission settings security measures like multi-factor authentication and encryption of data and a robust activity tracking and auditing capabilities ensure that only the right people have access to the correct documents.