VDR secure data exchange is a vital technology tool for businesses involved in M&A transactions, fundraising deals, real estate asset management and countless other situations where sensitive documents have to be immediately shared with external parties. This can include service provider, prospective investors or internal employees. In most instances, using VDR VDR is significantly faster and less hassle than sending files via email or other similar tools.

Certain VDRs come with advanced features that decrease the risk of human Box VDR error when sharing sensitive documents. Some of these features include the ability to create an impersonation of another user, as well as the “View As” function to confirm permissions prior inviting others to view confidential documents. Some VDRs utilize dynamic watermarking strategies to overlay confidential documents with labels that are visible or invisibly. This makes it easier to trace leaks of documents if they happen.

Lastly, some VDRs utilize data at rest encryption to safeguard the integrity of any information stored on their servers. This can help companies comply with the strict requirements of GDPR for safeguarding personal data transferred across borders. Some VDRs can also help companies comply by managing their third-party vendor relationships and ensuring that these vendors adhere to the organization’s policies and procedures for data protection.

Certain VDRs are also compatible with popular collaboration programs like Slack or Microsoft Teams, enabling remote working and collaborative projects in a safe and secure environment. This improves communication and eliminates the need for physical document exchange, thereby saving time and money.