Online vdr, also referred to as online data storage is a service that allows users to share confidential files with other users in a safe and controlled way. It allows companies in a variety of industries to securely share large files for mission-critical tasks 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 shows when a document has been printed, downloaded, or viewed by a user. It allows administrators to watermark documents, set expiration date for access and remotely revoke and disable download and print capabilities to prevent leaks and unintentional disclosures.
VDRs permit collaboration between authorized users to mark up or redline documents. This eliminates the need for emails or other unsecure methods of communication. They permit companies to keep track of and archive all changes made to documents which can be important in the event that they are amended or reworked later by the other third party.
Reputable VDR providers provide 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 size and duration of project instead of one-off or per-document charges. This is advantageous for businesses who require a flexible, scalable solution that can be used for various projects or usage instances.