https://datasquare.blog/strategic-due-diligence-boardroom-success-through-virtual-means/
VDR secure data exchange is a critical technology tool for businesses involved in M&A transactions such as fundraising deals and real estate asset management, and countless other scenarios in which sensitive documents need to be shared instantly with external parties. This could include service providers, potential investors, other employees within the company, and a wide variety of other. In many instances VDRs, using a VDR can be faster and easier than emailing files or using similar tools.
Certain VDRs have advanced features that minimize the risk of human error when sharing sensitive documents. These may include user impersonation as well as a “View As” feature to verify the permissions of any collaborator prior to inviting them view confidential documents. Some VDRs employ dynamic watermarking techniques to overlay confidential documents with labels that are visible or invisible. This makes it easier to trace leaks in documents when they occur.
Lastly some VDRs employ encryption of data at rest to protect the integrity and security of any data stored on their servers. This helps businesses comply with GDPR’s strict safeguarding requirements for all personal data transferred across borders. Also, some VDRs assist in ensuring compliance by assisting companies to manage their relationships with third-party vendors, ensuring that these vendors adhere to the company’s data security policies and procedures.
Finally, some VDRs are compatible with popular collaboration tools such as Slack and Microsoft Teams to enable remote work and collaborative projects in a secure environment. This makes communication easier and eliminates the necessity for physical document exchange, thereby saving time and money.