Online vdr, also referred to as online data storage, is a service that lets users to share confidential documents with other users in a safe and controlled way. It permits businesses from different industries to securely share large files in critical processes like M&A due diligence and compliance. In contrast to file sharing services like Dropbox or Google Drive, a VDR comes with sophisticated permission settings as well as a thorough audit trail that reveals the exact date and time when the document was viewed, printed or downloaded by the user. It lets administrators watermark documents, set expiration date for access, and remotely revoke and disable print and download abilities to prevent leaks and unwanted disclosures.
VDRs permit collaboration between authorized users to redline or mark up documents. This eliminates the need for emails or other unsecure methods of communication. They also allow companies to securely keep track of all modifications made to documents, which is important in case they are subsequently altered or modified by the other party.
Reputable VDR providers post their pricing plans and allowances for data usage on their websites. This prevents surprises and overages in the future. Some VDR providers also offer subscriptions that are based on the number of users, the size of storage and the duration of the project, rather than per-document fees or one-off charges. This is ideal for businesses who require a flexible, expandable solution that can be used for many projects or use cases.