Data room confidential mode is a feature which allows administrators of virtual data rooms to limit a user’s use of the VDR based on their IP address or device type. It’s a valuable tool for M&A deals as well as other sensitive business ventures.
A reputable provider will offer granular rights settings for users and two-factor authentication. They will also have remote shred that erases documents that are downloaded after administrators have removed access. Additionally they will be able handle the most popular file formats, including PDFs and XLSXs. The best providers can add watermarks to files that users download, which can deter people from sharing copies the files online. They can set an expiration date for files that are downloaded to prevent unauthorised downloads.
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 since it shields sensitive business information and personally identifiable information from hackers. Most reliable VDR providers can decrypt PDF documents, Doc, Docx Txt, PPT, PPTX, JPG, GIF, and Q&A files.
Certain providers will let users print documents that automatically include a watermark, and they can even allow users to download the original version of a document. Additionally, a reputable provider will provide users with the ability to ask questions and answer that lets them discuss documents in the data room, and save answers in an easily searchable database. This can get redirected here be extremely useful for M&A deals as well as any due diligence project.