A virtual data room (VDR) is a secure online environment that facilitates collaboration in the review of confidential documents. When it comes to M&A transactions, for instance, companies can easily swap files with potential buyers without fear of them being stolen or divulged.

VDR features include granular access control for each document, file-by-file, insights into changes to documents, two-factor authentication and complex passwords, as being https://clickvdr.com/common-virtual-data-room-features/ able to customize NDAs that can be customized. They are also designed for preventing data leaks as well as other security breaches. In addition, a VDR offers the ability to integrate with other productivity tools such as software for managing projects, communication platforms, and document editing applications.

When a company decides to expand or enter into strategic alliances, it must often transfer large volumes. Virtual data rooms are a seamless way to share this information with partners across the globe. They can be used by both parties to collaborate and speed up the decision-making process.

One of the best ways to explain how a virtual data room differs from other storage solutions is to imagine a physical space full of filing cabinets. The person who manages the room decides which cabinets each individual can see and what’s inside the cabinets. Virtual data rooms are similar to physical data rooms, but they are managed more easily and efficiently on any device. For example, an administrator can activate fence view, a feature that blocks sensitive information in a document to keep it secure.