A virtual data room can be a safe method to share sensitive information like research results, patented technology and other business information. The best virtual data rooms tools offer security and verification of the viewer to ensure that confidential documents don’t end up falling in the wrong hands.
To ensure maximum protection of documents, many VDR providers offer a variety of document and folder security settings that can be applied at the individual level or at the folder level. Certain VDR providers permit you to create granular access rights for specific file types, and others provide pre-designed templates for folder designs that can be customized according to your project needs.
A reputable VDR also comes with redaction tools, which allow you to remove sensitive information from multiple instances or even individual instances within a document. This will help you save time and eliminate the possibility that a single error could have a significant impact on a deal or project.
VDRs allow you to observe and analyze user behavior with a suite of reports available for review by administrators. For example you can determine who has viewed which files and how often.
Also, a great VDR should support mobile access for desktop and smartphone users. This is especially important when working with geographically distributed teams, since it allows them to remain connected and productive even when working on the move.
