Virtual data rooms (VDRs) are secure platforms for sharing and storing crucial project documents. They are used for due diligence in M&A transactions, litigation, real estate transactions, and the management of case files.
VDRs are designed to protect sensitive data by granting strict permissions. This makes sure that no one else can access your files unless you. They also assist with compliance with regulations through precise activity tracking and customizable reports.
When selecting a VDR to use, select one that has features that are relevant to your project and industry. For instance some VDRs have the “favorites” feature that lets users mark folders and files as favorites for easier access. Some VDRs feature infinite scrolling, which decreases the number clicks needed to review documents. Certain documents feature dynamic watermarks that show the IP address of the user as well as their name when they view or save documents.
In addition to boosting productivity by using 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 particularly beneficial when transferring data and consolidating multiple digital tools into one system. In addition, some VDRs provide an annual, unlimited-use contract as opposed to a single use transaction, which can increase budget control and boost ROI.
For a complete list of features and more, check out Digify’s extensive VDR solution. Start with a free 30-day trial to experience the power of sharing. Then, contact us to schedule a demo of our innovative VDR solution designed with your needs in mind.
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