http://www.datasquare.blog/virtual-data-rooms-vs-file-sharing-platforms

VDR secure data transfer is essential for companies who need to share documents and other files with external parties like potential investors or services providers. This could happen in a variety situations, such as due diligence, collaborations on documentation for projects or M&A due diligence. Whatever the reason, VDRs offer a wide selection of document management and security features that make sharing files easy.

The most reliable secure data storage solutions feature many features to protect digital information from cyber-attacks and other infringements. These include 256-bit AES encryption and digital rights management watermarking (included in FirmRoom), and audit trails to track the activity. This ensures only authorized users have access to sensitive information. It also stops data leaks by identifying the source.

VDRs also have workflows that are streamlined which improve productivity in the due diligence process. This will reduce the amount of time required to examine documents and eliminate mistakes and errors. This can save money on printing, storage space and courier costs. Also, it reduces manual tasks, which are susceptible to human error and could result in security breaches.

When choosing when choosing a VDR provider, pick one that has transparent pricing and functional features that are actually used. They should also provide an intuitive interface and 24-hour customer service. You should also read reviews and check out the compliance and security features on their websites. This way you can locate a reliable and trustworthy secure storage solution for your files that fits your needs.