Virtual data rooms (VDRs) are secure platforms for sharing and storing important project documentation. They are utilized for due diligence in M&A transactions as well as litigation, real estate transactions and case file management.
VDRs are designed to safeguard sensitive information by restricting access to it. This guarantees that no one will see your files except you. They can also assist with compliance with regulations thanks to detailed activity tracking and customizable reports.
When selecting a VDR choose one with features that support your industry and project needs. For instance certain VDRs offer a “favorites” feature that allows users to mark files and folders as favorites to make them easier to access. Some VDRs have infinite scrolling, which can reduce the number clicks needed to go through documents. Certain documents feature dynamic watermarks, which display the IP address and name when they view or save the document.
Certain VDRs not only increase productivity with collaboration tools, but also make it easy to import data and projects from other tools to the platform while keeping their folder structure intact. This is particularly helpful for transferring projects or consolidating digital tools into one platform. Certain VDRs also offer an annual subscription that is unlimited instead of a single transaction. This can help improve budget predictability and return on investment.
For the complete list of features and more, check out Digify’s extensive VDR solution. Start with a no-cost 30-day trial to test the potential of sharing. Contact us to schedule a demo of our innovative VDR solution made with your business in mind.