VDR Provider is a secure platform for sharing files to accelerate deals. Its features include a straightforward and simple configuration that is accessible to CFOs and accountants at the entry level deployment options for any device, single-sign-on, and function prioritization according to your workflow.
A VDR offers granular permissions for users and files, along with smart access control of domains and email addresses. This helps reduce the risk of data leakage. They also permit the addition of watermarks on sensitive documents and limit printing, making it more difficult for hackers to steal information. They can also defend against server failures with automatic failover to a second server, ensuring that the process stays on track even when one of the servers fails.
Certain VDR providers provide additional features, such as a searchable index and an activity monitor. They also offer advanced security features like the 256-bit encryption available at the bank level which makes it impossible for unauthorised individuals to read data. They can also monitor all activity within the VDR and track who has downloaded or viewed what thus providing an audit trail of the data’s access.
Other VDR providers specialize in certain sectors or types of deals. Some VDR providers focus on M&A while others focus on scientific collaboration. Some even have tools to support legal litigation or are suited to the preservation of large volumes of documentation. The amount and complexity of the project is contingent on the type of project or transaction.