Data room confidential mode is a feature which allows the virtual data room administrator to limit a user’s access to the VDR according to their IP address or device type. It’s a valuable tool for M&A deals as well as other sensitive business ventures.
A good provider will enable granular rights settings for users and two-factor authentication. They should also provide remote shred functions that erases documents that are downloaded after an administrator has removed access. They will also be able to handle the most widely used file formats including PDFs as well as Excel XLSXs. The top providers can add a watermark to files that users download, which can help deter users from sharing leaked copies files online. They can also set an expiration date for the files downloaded to prevent unauthorised downloads.
Redaction is yet another useful tool that allows the administrator to block (black out) specific text fragments or areas of a file from authorized users. This is crucial because it safeguards the personal information of all users and critical business data from hackers. The most reliable VDR providers can decrypt PDF Doc, Docx, Txt, PPT, PPTX GIF, JPG, and Q&A files.
Some providers allow users to print documents that automatically include a “watermark” and even download the original version. Additionally, a reputable provider offers users an answer-question feature which allows them to talk about documents in the data room, and save answers in a searchable database. This is an excellent tool for M&A transactions or any other due diligence project.
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