A virtual data review is a method of reviewing and accessing a set of files without the need to physically collect them. This can be useful in numerous scenarios, including the need for service providers to examine the company’s records and documentation in the event that potential investors require access to the company’s records, when it is undergoing an M&A transaction or any other situation that an outside party requires to look over the company’s documents.
Modern VDRs are designed to simplify the process by incorporating features to make it easier to view files online, and also provide advanced security measures. Document watermarking, access permissions that are granular and real-time collaboration are just some of the features. Additionally, many modern VDRs have exceptional customer support that lets users quickly get their questions answered by expert representatives.
If you’re in search of an advanced VDR or a traditional VDR It’s important to take into consideration the company’s present and future document-sharing needs when choosing a vendor. You should also consider pricing structures, data usage limits and security standards. These aspects should be clearly displayed by the company on their website.
Google Drive is a basic VDR which lacks the most advanced features. It also does not have the latest security measures. IntraLinks however, on the other on the other hand, is an VDR that has a robust feature-set and an easy-to-use interface. They have a top Capterra score and a variety of security features like secure access to data rooms and document watermarking. They also offer 24/7 customer support through live chat, phone, and email.
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