Virtual data rooms (VDRs) are secure platforms for sharing and storing critical project documentation. They are utilized for due diligence in M&A transactions and litigation, real estate transactions, and for managing case files.
VDRs safeguard sensitive information with strict permissions, ensuring no one is able to access your files, unless you allow them to. They can also help with compliance with regulatory requirements, through detailed activity tracking and customizable reports.
When selecting when choosing a VDR, look for one that has features that fit your project and industry needs. Some VDRs, for example, have a “favorites’ feature that allows users to mark files and folders favorites to facilitate faster access. Certain VDRs allow infinite scrolling, which reduces the number clicks needed to look over documents. Some are dynamic watermarks that display the user’s name and IP address when they download or view documents.
In addition to boosting productivity by utilizing collaboration tools, certain VDRs make it simple to import data from other tools and then transfer projects into the platform with their folder structure intact. This is especially useful when transferring data and consolidating multiple digital tools into one system. Some VDRs also provide an annual subscription with unlimited usage instead of a single transaction. This improves budget predictability and return on investment.
For an exhaustive list of features and more, check out Digify’s comprehensive VDR solution. Start your free trial to feel the power of sharing. Then, contact us to arrange a demonstration of our innovative VDR solution made with your business in mind.
