VDR secure data exchange is a vital technology http://www.datasquare.blog/smartroom-vdr-review tool for businesses involved in M&A transactions and fundraising deals, real estate asset management, and many other situations where sensitive documents have to be immediately shared with outside parties. This can include service provider, prospective investors or internal employees. In many instances it is true that a VDR can be faster and easier than sending files via email or other similar tools.
Certain VDRs have advanced features that reduce the chance of human error while sharing sensitive documents. Some of these features include the capability to impersonate a user as well as the “View As” function to confirm permissions prior inviting others to view confidential documents. Some VDRs employ dynamic watermarking techniques to overlay confidential documents with labels that are either visible or invisibly. This allows you to track down any document leaks.
Additionally, certain VDRs employ encryption of data in the process of being stored to ensure the integrity and confidentiality of all information stored on their servers. This can help companies comply with GDPR’s strict safeguarding requirements for personal data transferred across border. Some VDRs also help companies comply by managing their relationship with third-party vendors to ensure that these vendors adhere to the company’s policies and procedures regarding data security.
Certain VDRs are also compatible with popular collaboration programs like Slack or Microsoft Teams, enabling remote collaboration and work in a secure environment. This simplifies communication and eliminates physical document exchanges, saving both time and money.