A virtual dataroom (VDR) provides a secure, online environment to store and share highly confidential documents. It is used by a wide range of industries to facilitate collaboration and communication between many parties that are not within the firewall. Common applications include M&A, litigation, bankruptcy and fundraising, as well auditors.
When choosing a VDR make sure it has multi-level authentication that includes flexible permissions settings that can be customized to your needs. Find a VDR that can verify IP, device type and location every time users log in. This will ensure that your data can’t be accessed by an unauthorised device. Another feature to consider is two-factor authentication that requires a password along with additional details or codes to log in.
Finally, locate a VDR that can monitor document activity and provide customizable reporting. This will allow you to understand who accessed which documents and conducted searches. A quality VDR will include this capability as a part of its core features, or you can add it as an why not look here addition to an existing solution.
Picking the best online VDR is the first step to completing your company transactions securely and efficiently. Before signing up, it’s important to know the security features, file-sharing capabilities, certifications and customer service that a provider offers. It’s also important to try out the VDR before you sign an agreement by asking for a free trial and asking to have it set up for many members of your team.