VDR secure data transfer is an essential technology tool for companies involved in M&A deals and fundraising deals as well as asset management of real estate, and a myriad of other situations where sensitive documents must be shared instantly with external parties. This can include service providers, potential investors, employees from other departments and a myriad of others. In many instances, a VDR is faster and easier than emailing files or using similar tools.
Some VDRs provide advanced features to reduce the risk of human errors when sharing sensitive documents with other users. Some of these features include the ability to create an impersonation of another user, and the “View As” function to verify permissions before inviting anyone else to view confidential documents. Certain VDRs employ dynamic watermarking techniques to overlay confidential documents with labels that are visible or invisible. This makes it easier for you to find any document leaks.
In addition, some VDRs use encryption for data at rest to ensure the integrity of data stored on their servers. This helps companies meet GDPR’s strict safeguarding requirements for personal data transferred across borders. Certain VDRs can also help companies comply by regulating their third-party vendor relationships to ensure that these vendors follow the company’s policies and procedures on data security.
Certain VDRs are also compatible with popular collaboration software like Slack or Microsoft Teams, enabling remote work and collaborative projects in a safe and secure environment. This streamlines communication and eliminates physical document exchanges, which saves both time and money.