What to Look For in a VDR System

An vdr is similar to the black box in an airplane, storing an array of data that can be analysed and retrieved in the event of an accident at sea. The system is composed of a device that gathers information using sensors onboard and an enclosure that protects the data. It is designed to withstand shock, fire, deepsea pressur, and penetration. It is equipped with a satellite-locatable unit for communication that is connected to the ship’s Emergency Position Reporting System (EPIRB).

IMO regulations stipulate that the system is equipped with a Concentrator, which process and encrypts data gathered from sensors, as well as an end-to-end recording medium which stores the data in a http://www.digitaldealdataroom.info/what-is-the-purpose-of-a-data-audit fixed capsule that is able to survive a catastrophic maritime accident. It should be capable of performing a performance check at any time. This could be conducted annually or following repairs or maintenance on the VDR or signal sources that provide data to the system.

A good VDR should feature a mobile-first layout so that parties can sign in and access documents on desktops, laptops tablets, and mobile devices, while maintaining the same fundamental functionality. Ensure that the software is easy to use, as this will help accelerate due diligence and deal-making.

Look for look for a VDR with monitoring of page-level user activity to create audit trails, and provide business intelligence on document review progress. For example, if you observe that the HR and legal due diligence teams are spending a lot of their time looking over documents on a certain topic, you can identify any potential liability issues early and address them immediately.