ShareVault Secure Document Sharing & Virtual Data Room Glossary

For Nerds Like Us Who Always Want To Read More.

What You Need To Know About Data Rooms.

sharevault virtual data room provider

File Sharing Solutions
And Virtual Data Rooms

In today’s interconnected business landscape, organizations collaborate across multiple locations and with various partners, vendors, and stakeholders. While routine tasks may only need email attachments or tools like Google Docs, security becomes paramount for critical processes (e.g., M&A due diligence). In such cases, consumer-grade solutions often fall short, and a virtual data room provides the necessary protection and control.

4 Terms To Know When Choosing A Secure Document Sharing Platform

What is a Virtual Data Room?

A virtual data room (VDR), sometimes called a virtual deal room, is a secure online repository of information used for the storing and sharing of documents with third parties during due diligence and other transactions.

What is Due Diligence?

In plain English, due diligence is simply doing your homework. For example, before buying a company you should make yourself an expert on that company and all of its operations. That means investigating every aspect of that company and asking many questions.

What is an eCTD Viewer?

CTD is an acronym for “Common Technical Document,” which is the pharmaceutical industry’s internationally agreed upon format for the preparation of applications regarding new drugs intended to be submitted to the Federal Drug Administration (FDA) and other regulatory authorities in participating countries. The eCTD (electronic Common Technical Document) is the electronic version of this standard.

What is a Corporate Repository?

A corporate repository is simply a place where a corporation houses its documents and critical materials. In the past, the corporate repository would have been a large bank of filing cabinets filled with file folders and paper documents. Today, corporate repositories typically reside in the cloud in a secure virtual data room.

With so many file sharing solutions available, and many tailored for specific needs and with varying degrees of security, it’s increasingly important to diligently analyze which solution best fits your businesses’ needs for sharing information in the borderless enterprise. Employing the wrong solution could be the reason your customers move to a competitor.

What are Digital Rights Management and Information Rights Management

Digital Rights Management (DRM) is a system for protecting mass-produced digital media from unlawful or unwanted copying or distribution. Information Rights Management (IRM) is a subset of DRM. It is a technology that allows digital information (mostly in the form of documents) to be controlled from unwanted access.

Terms to Know for Secure Document Sharing

How to redact text or images in a PDF?

Redacting text means to permanently remove visible text and graphics from a document. However, be sure not to just draw black boxes over a PDF – to fully redact text, there is a process you must follow to be sure your text can’t be copied.

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