VDR secure data exchange is a critical technology tool for companies involved in M&A transactions and fundraising deals, real estate asset management, and countless other situations where sensitive documents have to be shared instantly with external parties. This can include service provider, prospective investors or internal employees. In many instances it is true that using a VDR can be more efficient and more efficient than sending files via email or other similar tools.
Some VDRs have advanced features that decrease the chance of human error in sharing sensitive documents. Some of these features include the ability to create an impersonation of another user and the “View As” function to verify permissions before inviting anyone else to view confidential documents. Some VDRs also employ dynamic watermarking techniques, which overlay confidential documents with invisible or visible labels. This allows for easier tracking leaks of documents in the event that they occur.
Additionally, certain VDRs use encryption of data at rest to protect the integrity of any information stored on their servers. This helps companies adhere to GDPR’s strict security requirements for personal data transferred across borders. In addition, certain VDRs can help with compliance by helping companies manage their third-party vendor relationships, ensuring that these vendors are in compliance with the company’s data protection policies and procedures.
Furthermore, some VDRs incorporate with popular collaboration tools such as Slack and Microsoft Teams to enable remote work and collaborative projects within a secure environment. This helps streamline communication and eliminates the requirement for physical document exchange, thereby saving time and money.
www.datasquare.blog/virtual-data-rooms-vs-file-sharing-platforms/