What Is Online VDR?
Online vdr is an online storage service that gives professional security and control over the sharing of sensitive files with other parties. It allows businesses from different industries to securely share large files in crucial processes like M&A due diligence and compliance. A VDR differs from other file sharing services such as Dropbox or Google Drive. It has sophisticated permission settings, as well as an audit trail which can reveal when a document was printed or downloaded, or even was viewed by users. It also allows administrators to watermark the documents and set expiration dates for access and remotely revoke or disable printing and download capabilities to avoid leaks or unintentional disclosures.
VDRs allow authorized users to redline or mark up documents. This eliminates the need for emails or other unsecure methods of communication. They enable companies to track and archive any modifications made to documents which is crucial in the event that they are amended or reworked later by the other third party.
Reputable VDR providers publish their pricing plans and data usage allowances on their websites. This can help avoid surprises and overages in the future. Some VDR providers provide subscriptions based on the number of users, the size of storage and the duration of projects instead of a per-document fee or one-off charges. This is advantageous for businesses who require a flexible and expandable solution that can be utilized for multiple projects or use cases.