Online vdr, also known as online data storage, is a service that lets users to share confidential documents with other users in a safe and controlled manner. It allows businesses from different industries to securely share large files in crucial processes like M&A due diligence and compliance. A VDR differs from other file sharing services like Dropbox or Google Drive. It has sophisticated permission settings, and an audit trail that shows when a document was printed or downloaded, or even viewed by a user. Administrators can also watermark documents, set expiration dates for access and remotely disable or revoke the ability to print or download to avoid leaks or unwanted disclosures.
VDRs also enable collaboration between authorized users for the purposes of marking up or redlining documents, which eliminates the need to send back-and-forth email or other unsecure methods of communication. They also allow companies to securely archive and track any modifications made to documents, which is important in case they are subsequently modified or altered by the other parties.
Reputable VDR providers publish their pricing plans and allowances for data usage on their websites. This can help avoid surprises and overages in the future. Some VDR providers provide subscriptions that are based on the number of users, storage capacity and the length of the project instead of a per-document fee or one-off charges. This is a great choice for businesses who require a flexible, scalable solution that can be used across multiple projects and scenarios.