What to Look For in a VDR System

A vdr can be described as the black box of an airplane. It is a storage device that can store a variety of data that can be recovered in the event of an incident on the water. The system consists of a device that gathers data from sensors onboard and a secure capsule which houses the data. It is designed to withstand fire, shock as well as deep sea pressur and penetration. It is equipped with a satellite-locatable system of communication that is connected to the ship’s Emergency Position Reporting System (EPIRB).

IMO regulations stipulate that the system should be equipped with a Concentrator which process and encrypts data gathered from sensors, and the final recording medium which stores the data in a fixed capsule that can withstand a catastrophic maritime accident. It is feasible to perform an audit of performance at any time. This can be done every year or after repairs or maintenance to the VDR or signal sources that provide information to the system.

A quality VDR should have a mobile-first style to allow parties to login and read documents on laptops, desktops tablets, and mobile devices and maintain the same core functionality. Make sure the software you choose to use is user-friendly, as this will accelerate due diligence and deal-making.

Find look for a VDR that has monitoring of user activity on a page to generate audit trails and provide useful business information on document review progress. For instance, if you notice that HR and legal due diligence teams spend the majority of their time looking over documents related to a specific topic, you can identify any liability issues early and address them in a proactive manner.

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