Companies can share documents in the virtual dataroom safely and efficiently. This is especially important for businesses involved in financial transactions such as mergers and acquisitions in which sensitive documentation must be reviewed by the investor on the sell-side or by potential investors. These documents are often highly private and cannot be shared via email or any other file sharing software without risking an information leak.
The ability to design custom watermarks, as well as to limit access to specific domains ensures that confidential information will not be lost. It allows users to track the activity of documents, and also track who viewed which documents and when they viewed them. A virtual data room is available 24/7 through various channels (phone, email, live chat) and makes it easy for users to have questions answered and get prompt answers from an expert.
It is also important to note that the security features of a VDR exceed the standard compliances by allowing data be encrypted both data room services for business operational growth analysis in storage and transport, and adding dynamic watermarks to all viewed and printed documents. This means that even if printed and/or downloaded versions of documents are leaked it is impossible for thieves to exploit the documents to gain access to confidential company data.
Visit the websites of the providers to compare their security features and features. A reliable virtual data rooms provider should provide an opportunity for trial users to test out the software before investing.
