Data Room Confidential Mode

Data room confidential mode permits the administrator of the virtual data room to restrict the use of the VDR by a specific user based upon their IP address or device type. It is an excellent tool for M&A transactions as well as other delicate business ventures.

A good provider will enable granular rights settings for users and two-factor authentication. They will also have remote shred, which erases downloaded files after an administrator removes access. They will also be able handle the most widely used file formats that include PDFs and Excel XLSXs. The best providers can add watermarks on the files users download, which discourages users from sharing copies the files online. They can also provide an expiration date for files downloaded which will block unauthorised downloading.

Other useful tools include redaction which enables the administrator to remove (black out) fragments of text or specific areas of a text from the view of authorized users. This is crucial because it shields sensitive business data as well as find more info personally identifiable information from hackers. The most reliable VDR providers can modify PDF Doc, Docx, PPT, Txt, JPG, GIF, and Q&A files.

Some providers let users print documents that automatically include a watermark. they will also allow users to download the original version of a file. In addition, a reliable provider offers users an answer-question feature which allows them to talk about documents in the data room and keep answers in an easily searchable database. This is a great tool for M&A transactions or any due diligence project.