Virtual data rooms are secure, secure platforms that let you share and organize important documents related to your project. They are used for due diligence in M&A transactions as well as litigation, real estate transactions, and the management of case files.
VDRs secure sensitive information with strict permissions, making sure that no one will see your files unless you wish them to. They also assist in ensuring compliance with regulations by providing detailed activity tracking and customizable reports.
When choosing the right VDR choose one that is compatible with your industry and project needs. Some VDRs, such as include a “favorites feature that enables users to mark files and folders as favorites to facilitate faster access. Some also have infinite scrolling that significantly reduces the number clicks required to look over documents. Certain documents feature dynamic watermarks that show the IP address of the user and their name whenever they open or save a document.
Certain VDRs not only increase productivity with collaboration tools they my response also allow users to import projects and data from other tools to the platform while maintaining their folder structure. This is especially useful when transferring data and consolidating multiple digital tools into a single system. Some VDRs offer an unlimited annual subscription as opposed to a one-time transaction. This can help improve the predictability of your budget and increase ROI.
For an exhaustive list of features and more, visit Digify’s comprehensive VDR solution. Begin with a 30-day free trial to see the benefits of sharing. Contact us to schedule a demo of our unique VDR solution designed with your business in mind.