Data Room Confidential Mode
Data room confidential mode allows the administrator of a virtual data room restrict the use of the VDR by a specific user based on IP address or the type of device. It’s a useful tool for M&A deals and other delicate business ventures.
A good provider will permit users to define granular permissions as well as use two-factor authentication. They will also offer remote shred functions that deletes downloaded files after administrators have removed access. They will also be able handle the most popular file formats that include PDFs and Excel XLSXs. The top providers can place watermarks to files that users download, which will discourage people from sharing copies the files online. They can also set an expiration date for downloads which will block unauthorised downloading.
Other useful tools include redaction, which allows the administrator to erase (black out) fragments of text or specific areas of a document that are not in the view of authorized users. This feature is essential because it protects all sensitive business data as well as personally identifiable information from hackers. Most reliable VDR providers can rewrite PDF documents, Doc, Docx PPTX, Txt GIF, JPG, and Q&A files.
Certain providers will let users print documents that automatically include a watermark. they can even allow users to download the original version of the file. In addition, a reliable provider will provide users with the ability to ask questions and answer which helps them talk about documents in the data room and store answers in a searchable database. This is a valuable tool for M&A transactions as well as any due diligence project.
