Online vdr is an online data storage service that provides professional security and control for sharing of sensitive files with virtual data room third parties. It allows companies in a variety of industries to securely share large files for mission-critical processes like M&A due diligence as well as compliance and litigation. A VDR is distinct from service for sharing files like Dropbox or Google Drive. It has sophisticated permission settings, and an audit trail that can show when a document has been printed or downloaded, as well as seen by the user. It also allows administrators to watermark the documents, set expiration dates for access and remotely disable or revoke printing and download capabilities to avoid leaks or unintentional disclosures.
VDRs also allow collaboration between authorized users for the purpose of marking or redlining documents, eliminating the need for back-andforth emails or other unsecure methods of communication. They allow companies to track and archive any modifications made to documents, which is crucial when they are amended or reworked later by the other third party.
Reputable VDR providers post their pricing plans and allowances for data usage on their websites. This can help avoid surprises and overages in the future. Some VDR providers also offer subscriptions that are based on the number of users, storage size and duration of the project instead of per-document fees or one-off costs. This is advantageous for businesses who require a flexible, adaptable solution that can be utilized for various projects or usage scenarios.