What Is a VDR Provider?

VDR Provider provides a secure platform to share files and speed up deals. Its features include a simple and easy configuration, equally accessible to the CFO and accountants at the entry level deployment options for any device, a single sign-on and priority of functions to match your workflow.

A VDR gives granular permissions to users and files, as well as intelligent access control for domains and email addresses. This minimizes the risk of leakage of data. They also allow for the inclusion of watermarks on sensitive documents and restrict the printing of these documents, making it harder for hackers to steal data. In addition, they safeguard against server failure by implementing automatic failover to another server, ensuring that the process stays in line even if one of the servers fails.

Certain VDR providers offer additional features such as databases that can be searched and an activity dashboard that tracks the activities. They also offer advanced security features, such as 256-bit bank-level encryption, making it impossible for anyone who is not authorized to access data. They also monitor all activity within the VDR, including who has seen or downloaded what, so you have an audit trail of the data’s access.

Other VDR providers specialize in particular industries or types of deals. Certain VDR companies focus on M&A while others focus on collaboration in science. Some even have specialized tools that can support legal proceedings or are suited for the preservation of large volumes of documentation. The choice of VDR provider is based on the size and complexity of project or transaction in question.