Virtual document storage is vital to many companies. Whether you need to share documents with service providers, prospective investors, or even your own team members, having a VDR in place use this link will make the process more efficient and speedier. It can also help prevent leaks of information as well as other types of data breaches. This is especially important for companies that normally rely on paper, like law firms and accounting firms.
What is a virtual document?
A virtual document is a document that contains other documents (components or children). This allows the structure of the file to mirror the logical document, regardless of the different nature of the documents involved. A report, for instance, may be written in Word however it may also contain tables in Excel, and the PowerPoint Presentation can be included as an appendix. A virtual document permits a logical document to break into a variety of parts that can be managed just like other documents.
Components can be removed or added to independently of the parent document. This means that changes made to component files will not automatically update the version tree for the document that is the parent. Additionally, if the entire assembly of virtual documents has been frozen, changes to component files are not automatically updated.
Documents can be protected with a virtual watermark that is unique and allows anyone to determine who has read, used or altered the document. This enables the perpetrator to be identified and punished if documents are leaked.