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A vdr review is an assessment of the capabilities, cost and quality of customer service offered by the provider of a virtual data space. It analyzes the service’s options and features to determine the best choice for a project or an enterprise. A vdr evaluation is a vital step in reviewing service providers. It can save you time, money and resource.
VDRs are software-based repositories that allow users to exchange files safely and quickly. They are typically used for M&A procedures and other business transactions that require the scrutiny of large volumes of documents that contain sensitive information. VDRs are also beneficial for investment banks who conduct due diligence on IPOs as well as capital raises and other projects involving huge amounts of information.
To protect confidential information, modern VDRs prioritize security standards that use encryption to safeguard data both in transit and at rest. This ensures that even in the event of a data breach occurs the data will be unreadable to unauthorized parties. They also offer tools such as restricted access to documents and folders, which limit access to specific users.
The capability to control the version history, impose policies for the naming of files and storage structures and create a default level of access for new users is another important aspect of a quality vdr. Mobile access allows due diligence to be completed while on the move and a customizable dashboard provides an overview of the most recent activity. Zoomable thumbnails, which are images of the first page of documents, unlimited scrolling and the option of marking folders or documents favorites makes it easier to read.