Online vdr is a web-based data storage service that gives professional security and control for sharing of sensitive files with other parties. It enables businesses in various industries to securely share large files for mission-critical tasks like M&A due diligence and compliance as well as litigation. Contrary to file sharing platforms like Dropbox or Google Drive, a VDR has sophisticated permission settings and a robust audit trail that can reveal the exact date and time the document was viewed and printed or downloaded by a user. Administrators can also watermark documents and set expiration dates to access and remotely revoke or disable printing and downloading capabilities to prevent leaks or unwanted disclosures.
VDRs also facilitate collaboration between authorized users for the purposes of marking or redlining documents, thus eliminating the need for back-andforth emails or other methods of communication. They also allow companies to securely keep track of all changes made on the documents, which is vital when they are later modified or altered by the other third party.
In terms of cost structure, reputable VDR providers make their pricing schemes and data usage allowances easily accessible on their websites. This will prevent any surprises or overages in future. Certain VDR providers also offer subscriptions that are based on the number of users, the size of storage and the duration of the project instead of per-document charges or one-off fees. This is a great option for businesses who require an scalable, flexible solution which can be used across a variety of projects and use cases.
