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Recent recent high-profile data leaks and thefts have brought to mind the chaos that can be unleashed when sensitive information is stolen or compromised. Inefficient board communication can also slow the decision-making process as well as hamper the flow of information, making innovative solutions such as VDRs essential for efficient secure file sharing.

Modern VDRs place a high priority on security for users, and offer a variety of sophisticated features that are adaptable to different business requirements. Comprehensive audit trails record all activity on the platform. They precisely record every document’s access, each user’s actions and every document. This level of accountability helps to lower risk and also provides a clear path for legal review, if needed.

VDRs can facilitate communication by allowing users the ability to leave comments, queries, and annotations directly on documents. This will eliminate the need for back-and between emails. Some VDRs provide real-time collaboration tools that allow users to communicate in a shared space, removing the need for physical meetings and increasing the speed of decision-making.

VDRs can also be a huge time-saver by allowing users to mark files and folders as favorites, which can then be easily returned at a later time. Likewise, many VDRs feature infinite scrolling, which allows users to quickly browse through documents without having to click each one individually. Lastly, the best VDRs also offer users access to expert support via different channels, such as phone and chat. This allows for any technical issues to be resolved quickly and efficiently, thereby improving the user experience.