Online Data Room Review
When it comes to sharing sensitive financial documents and intellectual property documents for litigation, and more the ideal scenario is for it to get lost or stolen. This is why online data rooms have become popular for storing, managing and sharing confidential documents.
However it is true that not all VDRs are created equal and each has their own set of features. When evaluating vendors, it’s important to take into consideration the various features and security options, as well as the interface and cost involved.
Many VDRs come with document permissions that allow you to specify when users are able to print, download or even view files. Some of them can even apply dynamic watermarks for viewed and printed documents pages for additional security measures. Some permit tracking of file and user activities which can be useful when conducting a safety inspection or observing interest during a capital raising round.
A robust report and logging feature is another essential feature. Certain VDRs allow you to monitor user and document activity in a clear, easy-to-read report that gives valuable insight for business use. This allows you to know what, when and who accessed files and if any sensitive information was changed.
Finally, the best online data rooms provide a seamless user experience with a clean and intuitive interface that works on all devices. They also offer powerful deployment options as well as single sign-ons for all projects. Additionally, they offer multi-project management that lets you easily create and manage different project spaces that have different levels of access and specific documentation uploaded for each project. They also offer round-the-clock support through multiple channels and specialists who can assist you with any issues.