Companies can share documents through the virtual dataroom safely and efficiently. This is particularly crucial for businesses involved in financial transactions like mergers and acquisitions in which sensitive documentation must be reviewed link by sell-side or prospective investors. In most cases, these documents are highly confidential and cannot be shared via email or other tools for sharing files without the risk of a data leak or compliancy violation.
The ability to create custom-made watermarks, as well as to limit viewing to certain domains, ensures that confidential information will not be leaked. It allows users to track the activities of their documents, and to determine who has viewed what documents and when. A virtual data room provides support 24/7 via various channels (phone or email, or live chat) and makes it simple for users to have questions answered and get prompt responses from an expert.
It is important to note that the security features of VDRs VDR surpass the standard requirements by allowing data to be encrypted both in storage and in transit, and adding dynamic watermarks to all printed and viewed documents. This means that even if the printed or downloaded versions of a particular document are made available to the public, information thieves will not be able to access your company’s sensitive information.
If you’re thinking of implementing an online data room in your business, check out the providers’ website for detailed comparisons of their features and security measures. A reputable virtual data room provider should also offer a trial period of no cost so that you can test the software before committing in it.