Online vdr is an online storage service that offers professional security and control over sharing of sensitive files with other parties. It permits businesses from different industries to securely share large files for critical processes like M&A due diligence and compliance. A VDR differs from service for sharing files like Dropbox or Google Drive. It has sophisticated permission settings, as well as a robust audit track that shows the date a document was printed, downloaded, or was viewed by the user. Administrators can also add watermarks to documents, set expiration dates for access, and remotely revoke or disable printing and downloading capabilities to avoid leaks or unintentional disclosures.
VDRs also facilitate collaboration between authorized users for the purpose of marking up or redlining documents, thereby eliminating the need for back-andforth emails or other unsecure methods of communication. They enable companies to track and archive all modifications made to documents which is crucial in the event that documents may be altered or reworked by the other parties.
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 unexpected costs or overages in the future. Some VDR providers provide subscriptions that are based on the number of users, size of storage and the length of the project instead of a per-document fee or one-off charges. This is a great option for companies that require an agile, scalable solution that can be used across multiple projects and scenarios.