A easy file sharing for due diligence virtual data room allows businesses to share documents securely and effectively. This is especially important for companies involved in financial transactions like mergers and acquisitions. documents that are sensitive must be scrutinized by the sell side or potential investors. These documents are usually highly confidential and should not be shared via email, or any other file sharing tool without risking the possibility of data leaks.
The ability to create custom-made watermarks, as well as to limit viewing to certain domains, ensures that confidential information isn’t leaked. It allows users to track document activity, as well as track who viewed which documents and when they viewed them. Lastly, a virtual data room provides 24/7 support through various channels (phone and email, as well as live chat) and makes it easy for users to ask questions and get prompt answers from an expert.
It is also worth noting that the security features of a VDR go beyond the standard compliances by enabling data to be encrypted both in storage and transport, and adding dynamic watermarks to all printed and viewed documents. This means that even if the printed or downloaded versions a document are leaked or stolen, there is no chance for hackers to exploit the documents to gain access to your company’s confidential information.
Check out the websites of providers to compare their features and security measures. A reliable virtual data rooms provider should provide the opportunity to you to test the platform before committing.