Virtual data rooms are secure platforms that allow you to share and save important project documentation. They are used for due diligence in M&A transactions as well as litigation, real estate transactions, and the management of case files.
VDRs are designed to safeguard sensitive data by granting strict permissions. This makes sure that no one else can view your files other than you. They also assist with compliance with the law through thorough activity tracking and customizable reports.
When selecting a VDR choose one with features that support your project and industry needs. Some VDRs, for example include the “favorites feature” that allows users to mark folders and files as favorites for faster access. Certain VDRs allow infinite scrolling that reduces the number of clicks required to browse documents. Certain documents feature dynamic watermarks that display the IP address of the user as well as their name whenever they open or save the document.
In addition to boosting productivity by utilizing collaboration tools, some VDRs make it easy to import data from other tools and then transfer projects to the platform with their folder structure intact. This is especially beneficial when transferring data and consolidating multiple digital tools into one system. Some VDRs also provide an annual subscription for unlimited instead of a one-time transaction. This can help improve the predictability of your budget and increase ROI.
For the complete list of features and more, visit Digify’s complete VDR solution. Get started with a free trial to experience the power of serious sharing. Contact us for a demonstration of our innovative VDR created with your business in the mind.