Virtual data rooms are secure and secure platforms that allow you to share and archive important documents for your project. They are used for due diligence in M&A transactions as well as litigation, real estate transactions, and for managing case files.
VDRs are designed to protect sensitive data with strict permissions. This ensures that no one can see your files except you. They can also help with compliance with regulations, thanks to detailed activities tracking and customizable reports.
When choosing a VDR to use, select one with features that are relevant to your particular project and the industry. Some VDRs, such as include the “favorites feature that allows users to mark files and folders favorites to facilitate faster access. Others offer infinite scrolling my response which drastically reduces the number of clicks required to look over documents. And, some are dynamic watermarks that display the user’s name and IP address when they view or download a document.
In addition to boosting productivity with collaboration tools, certain VDRs allow users to import data from other tools and transfer projects into the platform keeping their folder structure intact. This is particularly beneficial during migrations and when combining multiple digital tools into one system. In addition, some VDRs provide an annual, unlimited-use contract as opposed to a single-use transaction to improve budget predictability and improve ROI.
For an exhaustive list of features and more, visit Digify’s extensive VDR solution. Start with a no-cost 30-day trial to experience the potential of sharing. Contact us to set up a demo of our revolutionary VDR solution made with your business in mind.