Companies can share documents through the virtual dataroom safely and efficiently. This is especially important for companies involved in financial transactions such as mergers and acquisitions, in which documents with sensitive information must be reviewed by the sell side or prospective investors. In most cases, these documents are extremely confidential and should not be shared via email or other tools for sharing files without the risk of data leakage or compliancy violation.
Additionally, the ability to create custom using a virtual data room in different areas watermarks and restrict viewing to specific domains makes sure that confidential documents don’t be exposed. It also allows users to keep track of all document activity and easily see who has viewed which documents and when. A virtual data room offers 24/7 support via various channels (phones email, faxes, and live chats) and allows users to get help from experts.
It is important to note that the security features of a VDR exceed the standard security standards by allowing data to be encrypted in both storage and transport, and adding dynamic watermarks to all printed and viewed documents. This means that, even if the downloaded or printed versions of a particular document are released to the public, thieves will not be able to access your company’s sensitive data.
If you’re considering implementing the concept of a virtual data space in your business, check out the website of the provider for detailed comparisons of their capabilities and security measures. A reliable virtual data room provider should also provide an opportunity to try the service for free to let you test the system before investing in it.
