The correct structure of a folder is a vital element of a successful data space due diligence. There are numerous ways to arrange files according to specific criteria such as project stage, department or level of confidentiality. The most well-known method is to separate the files into main folders that correspond to specific types of information, and then create subfolders to make the system more user-friendly.
It is a wise choice to select a provider who has a feature for indexing files. This feature assigns a unique identifier for each document and renumbers it automatically if the folder structure changes. This will help you save time and effort, particularly when there are multiple interested parties looking at the same set of documents.
Certain VDR providers allow users to add watermarks on files to prevent copying sensitive documents. This can protect intellectual property rights and aid in due diligence. In addition, they usually provide the capability that allows users to provide conditions of access agreements for recipients to agree to before they are able to view the sensitive content. This can help project participants comply with regulations concerning confidential data in specific industries. It is crucial to choose a provider who understands these requirements and provides features that address them such as access control and audit trails.
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