Online Data Room Review
The last thing you want is for your important documents, like intellectual property and litigation files, as well as financial documents, to be stolen or lost. This is the reason why online data rooms have become established for storing, managing and sharing confidential documents.
However, not all VDRs are created equal, and each one has distinct features. When choosing a vendor, it is important to take into consideration the various feature sets as well as security options, interface, and costs involved.
Many VDRs also come with document permissions granularity that allows users to set the time when they can download, print, or view documents. Some even allow dynamic watermarks to viewed and printed pages of documents to provide enhanced security measures. Others permit tracking of files and users’ activities, which is helpful in conducting a security audit or monitoring interest during a capital raising round.
Another essential feature is the complete logging and reporting features. Certain VDRs allow you to keep track of all user and document activity in a straightforward report that can provide valuable information for business use. This allows you to determine the date, time and who accessed files and also if any confidential information was changed.
The most effective online data space offers users with a seamless experience user, with an easy and intuitive interface that works on all devices. They also provide powerful deployment options and a single login for all projects. They also support multi-project management, allowing you create and manage different project spaces with varying levels of access. Each project will have its own layout of documentation. They also provide 24/7 support through multiple channels and offer specialists who can assist you with any problems.