The recent high-profile data breaches and thefts have served as an eloquent reminder of the havoc that can be unleashed when sensitive information is compromised. Inefficient board communications can stifle the decision-making process and hinder the flow of information, which makes innovative solutions like VDRs crucial for effective, secure file sharing.

Modern VDRs have a strong focus on user security, providing numerous advanced features that can be adapted to different business requirements. Audit trails that are comprehensive record every activities on the platform. They accurately record every document’s access, every user action and every document. This level of accountability lowers risk and provides a clear pathway for legal review if required.

VDRs can streamline communication by allowing users to have the ability to leave comments, questions, or annotations directly on documents. This will eliminate the need for back-and between emails. Some VDRs have real-time collaboration tools that allow users to talk in a common space which eliminates the need to physically meet and accelerating decision-making.

VDRs are also a great time-saver by allowing users to mark folders and files as favorites that can be easily returned at a later time. Many VDRs also feature endless scrolling, allowing users to quickly browse through documents, without having to click each one separately. The top VDRs offer support from a professional via multiple channels including chat and phone. This allows any technical issues to be resolved quickly and efficiently, thus improving the user experience.