Data room confidential mode allows the administrator of the virtual data room to limit a user’s use of the VDR in accordance with their IP address or the type of device. It is a valuable tool for M&A transactions as well as other delicate business ventures.
A good service will allow users to set granular permissions and use two-factor authentication. They will also have remote shred which deletes downloaded documents after an administrator has removed access. Additionally they will be able handle the most popular file formats, including PDFs and XLSXs. The most reliable providers can put watermarks to files that users download, which discourages users from sharing copies of the files online. They can also set an expiration date for files that have been downloaded which will stop unauthorised downloading.
Redaction is yet another useful tool that allows administrators to hide (black out) specific text fragments or regions of a document from authorized users. This is crucial because it protects all personally identifiable information and critical business data from hackers. The most reliable VDR providers can decrypt PDF documents, Doc, Docx PPTX, TXT, PPTX, JPG, GIF, and Q&A files.
Some providers allow http://www.allvpnusa.com/express-vpn-activation-code-short-instruction/ users to print out documents that will automatically include a “watermark” and even download the original version. A good service will offer users a question and answer feature that allows them to discuss documents in the data room and record answers in a searchable database. This can be invaluable for M&A deals or any due diligence project.