Virtual data rooms are secure platforms that allow you to share and organize important project documentation. They are used to perform due diligence in M&A transactions, litigation, real property transactions, and the management of case files.
VDRs protect sensitive information through strict permissions that ensure that no one will see your files unless you want them to. They also help with compliance with regulations by providing detailed activity tracking and customizable reports.
When choosing the best VDR be sure to choose one that has features that fit your project and industry needs. Some VDRs, for example, have features like a “favorites feature that enables users to mark folders and files as favorites to make it easier to access. Some VDRs feature infinite scrolling, which can reduce the number clicks needed to go through documents. Some also are dynamic watermarks that display the user’s name and IP address whenever they view or download a document.
Certain VDRs not only increase productivity with collaboration tools, but also allow users to import data and projects from other platforms into the platform, while keeping their folder structure intact. This is especially useful during migrations and when consolidating multiple digital tools into a single system. Certain VDRs also offer an annual subscription that is unlimited in lieu of a one-time transaction. This improves the predictability of budgets and ROI.
For an exhaustive list of features and more, check out Digify’s comprehensive VDR solution. Start with a free 30 day trial to experience the potential of sharing. Contact us to schedule an introduction to our revolutionary VDR developed with your business in mind.