What Is a Virtual Data Review?

A virtual data review enables users to access and examine documents without the need to physically gather them. This can be beneficial in a variety of scenarios, such as when service providers need to review a company’s records and documents in the event that potential investors require access, if a business is undergoing an M&A transaction or at any other time that an external party needs to review the company’s documents.

Modern VDRs are generally designed to speed up the process by incorporating features that make it easier to access files online and providing advanced security measures. These include document watermarking, granular permissions and real-time collaboration features. Many modern VDRs offer top-quality customer service, allowing users to get their questions quickly answered by experts.

If you’re in search of a modern VDR or a traditional one it is important to think about the company’s present and future document-sharing needs when choosing a vendor. Also, be aware of pricing plans, allowances for data usage and security standards. Those factors should be clearly available on the site of the provider.

Google Drive is a basic VDR which lacks the most advanced features. It also lacks advanced security measures. IntraLinks however, on the other side, is a VDR with a robust feature set and an easy-to-use interface. They have a high Capterra score and a variety of security features such as secure access to data rooms and document watermarking. They also offer 24/7 customer support through live chat phone, email, or.