VDR Provider provides a secure platform for sharing files and accelerating deals. Its features include a simple and easy configuration that is equally accessible to CFOs as well as accounting personnel at a lower level deployment options on any device, single-sign-on, and priority of functions based on your workflow.
A VDR offers permissions for file and user access, with intelligent access control for domains and email addresses, reducing the chance of leakage of data. They also allow the use of watermarks on sensitive documents and restrict printing which makes it more difficult for hackers to steal information. They can also protect against server failure with automatic failover to a different server, ensuring that the process stays in line even if one server fails.
Certain VDR providers offer additional features like databases that are searchable and an activity dashboard that tracks the activities. They also offer advanced security features, such as 256-bit bank-level encryption, making it impossible for anyone who is not authorized to access data. They can also track all activities within the VDR, including who has downloaded or viewed what, so you have an audit trail of data access.
Other VDR providers specialize in certain areas or types of deals. Some VDR providers focus on M&A while others are focused on collaboration with scientists. Some have tools specialized to support legal litigation or to archive huge volumes of documents. The selection of VDR service provider will depend on the amount and complexity of the project or transaction at hand.