Virtual data rooms are secure, secure platforms which allow you to share and save important project documentation. They are used for due diligence in M&A transactions and litigation, real estate transactions, and case file management.
VDRs protect sensitive information through strict permissions, which ensure that nobody can access your files unless you specifically want them to. They can also assist with compliance with regulations because of the precise activity tracking and customizable reports.
When choosing a VDR to use, select one that offers features that are relevant to your particular project and the industry you work in. Some VDRs, for instance include features like a “favorites feature” that allows users to mark files and folders favorites for quicker access. Certain VDRs allow infinite scrolling, which decreases the number of clicks required to go through documents. Additionally, some of them have dynamic watermarks that show the user’s name and IP address when they view or download a document.
Certain VDRs not only increase productivity with collaboration tools, they also make it simple to import projects and data from other platforms into the platform, while keeping their folder structure intact. This is particularly helpful during migrations or when consolidating digital tools into one system. Certain VDRs also offer an annual subscription that is unlimited as opposed to a one-time transaction. This improves the predictability of your budget and increase return on investment.
Digify’s VDR solution is a complete solution and comes with a full list of features. Get started with a free trial to feel the power of sharing. Contact us to schedule an overview of our unique VDR designed with your business in the mind.