Data room confidential mode is a feature which allows the administrator of the virtual room to restrict a particular user’s use of the VDR in accordance with their IP address or device type. It’s a great tool for M&A transactions as well as other delicate business ventures.
A good provider will allow the user to have granular rights settings and two-factor authentication. They will also include a remote shred function which erases downloaded documents after administrators have removed access. Additionally they will be able handle the most popular file formats, including PDFs and XLSXs. The most reliable providers will be able to add a watermark to files that users download to stop users from sharing leaked copies files online. They can also specify a time limit for downloads which will stop unauthorised downloading.
Redaction is a third tool that allows the administrator to hide (black out) specific text fragments or sections of a file from authorized users. This feature is crucial as it safeguards any personally identifiable information as well as crucial business data from hackers. Most reliable VDR providers can redact PDF, Doc, Docx, Txt, PPT, PPTX GIF, JPG, and Q&A files.
Some providers allow users to print out documents that will automatically include a “watermark” and download the original version. In addition, a reliable provider will provide users with a question and answer feature that lets them discuss files in the data room and record answers in a searchable database. This can be extremely useful for M&A deals as well as any due diligence project.