What Is Online VDR?
Online vdr, also known as online storage of data, is a service that lets you to share confidential data with others in a secure and controlled way. It allows businesses from different industries to securely share large files for critical processes like M&A due diligence and compliance. A VDR is distinct from the file sharing options like Dropbox or Google Drive. It has sophisticated permission settings, and an audit trail that will show when a document has been printed, downloaded, or viewed by a user. It also allows administrators to watermark documents, set expiration dates for access and remotely disable or revoke printing and downloading capabilities to avoid leaks or unintentional disclosures.
VDRs allow collaboration between authorized users to mark up or redline documents. This eliminates the need for emails or other unsecure methods of communication. They also permit companies to securely archive and track any changes made on the documents, which is vital in the event that they are later modified or revised by the other user.
Reputable VDR providers post their pricing plans and data usage allowances on their websites. This will ensure that there aren’t any unexpected costs or overages in the future. Certain VDR providers offer subscriptions based upon the number of users, storage capacity and the duration of the project instead of a per-document fee or one-off charges. This is an excellent option for businesses who require an agile, scalable solution that can be used across multiple projects and use cases.