Companies can share documents within the dataroom in a secure and efficiently. This is particularly crucial for businesses involved in financial transactions, such as mergers and acquisitions. sensitive documentation must be reviewed by the sell side or potential investors. The majority of these documents are extremely confidential and can’t be shared via email or other tool for sharing files without risk of data leakage or compliance violation.
Furthermore, the ability to create custom watermarks as well as restrict viewing to specific domains will ensure that confidential documents don’t get leaked. It also allows users to monitor the activity of documents, and also determine who has viewed what documents and when they viewed them. Additionally, a virtual data room is available 24/7 through multiple channels (phone or email, 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 go beyond the typical compliances by allowing data be encrypted in both storage and transport, and adding dynamic watermarks to all viewed and printed documents. This means that even if the printed or downloaded versions of a specific document are released to the public, information thieves will not be allowed to access your company’s sensitive information.
Visit the websites of providers to evaluate their security features and features. A reliable virtual data rooms provider should offer an opportunity for trial users to try out the platform before investing.