Online vdr, also known as online storage of data, is a service that allows users to share confidential documents with other users in a safe and controlled way. It allows companies from various industries to securely share large files for mission-critical processes such as M&A due diligence and compliance. In contrast to file sharing services such as Dropbox or Google Drive, a VDR offers sophisticated permissions settings and a robust audit trail that reveals the exact date and time when documents were viewed or printed by users. It permits administrators to watermark documents, set an expiration date for access and remotely revoke or disable print and download abilities to prevent leaks and unwanted disclosures.
VDRs enable collaboration between authorized users to redline or mark up documents. This eliminates the need to use emails or other methods of communication. They enable companies to track and archive all changes made to documents which is crucial when they are altered or modified later by the other party.
In terms of cost structure, reputable VDR providers offer their pricing structures and allowances for data usage easily accessible on their websites. This prevents surprises and overages in the future. Some VDR providers offer subscriptions based on number of users, size of storage and the length of the project instead of one-off or per-document fees. This is beneficial for business who need a flexible and scalable solution that can be used for multiple projects or use scenarios.
