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When businesses establish business relationships and merge, the transfer massive amounts of documents is inevitable. These contracts and documents are often shared with a multitude of people to complete projects as well as for compliance and privacy reasons. A virtual dataroom (VDR) allows users to upload files and share them securely through board room software the internet.
VDRs unlike cloud storage options, provide more collaborative features to help companies manage transactions efficiently and effectively. These features include live chat in the application, multilingual phone and email support, document annotations, and Q&A sections. Many VDRs also employ strong encryption to shield sensitive data from hackers in the case of an information leak.
Security of the virtual storage device is the most important aspect. Most VDRs offer robust security protocols, which include rigid encryption audit logs, audit logs and two-factor authentication. They also have document restrictions and permissions. They also offer comprehensive access control to data as well as IP or device location checks to ensure that no one else can access documents.
Virtual storage comes with the added benefit of being accessed simultaneously by multiple servers. This increases data availability and reduces bottlenecks in applications. Storage management is made easier with the ability to add or remove space from a storage pool without affecting applications. It’s a great solution for companies looking to reduce costs while increasing availability.