Online Data Room Review

Online Data Room Review

When you share sensitive financial documents and intellectual property files for litigation and more, the last thing you want is for it to be lost or stolen. Online data rooms are a great way to store, manage and safely share confidential documents.

But not all VDRs come with the same features. When looking at vendors, it’s crucial to consider the various features available as well as security options, user interface, and cost.

Additionally the majority of VDRs come with document permissions that are granular and allow you to specify who can view, print or download files and when. Some VDRs can add dynamic watermarks on pages of printed or viewed documents for enhanced security. Some allow tracking of the activity of users and files which is helpful when conducting a security audit or monitoring the level of interest during a capital raise round.

Another feature you must have is complete logging and reporting features. Certain VDRs allow you to track user and document activity in a straightforward report that gives valuable insight for business purposes. This lets you know the date, time and by whom files were accessed and if any confidential information was changed.

The best online data rooms provide an effortless user experience that includes an intuitive and clean interface that works across devices. They also offer an extensive selection of deployment options, as well as one login for all projects. They also offer multi-project management, allowing you to create and manage different areas of your project with different levels of access. Each project can be a distinct set up of documentation. They also provide 24-hour support via multiple channels and dedicated experts to assist you with any problems.

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