Virtual data rooms (VDRs) are secure platforms for sharing and storing crucial documents for projects. They are used for due diligence in M&A transactions, litigation, real property transactions and case file management.
VDRs safeguard sensitive information with strict permissions, which ensure that no one is able to access your files unless you specifically want them to. They also help with compliance with the law through thorough activity tracking and customizable reporting.
When choosing a VDR to use, choose one that has features that are relevant to your project and the industry. For example certain VDRs offer a “favorites” feature that allows users to mark folders and files as favorites to make them easier to access. Some VDRs have infinite scrolling that reduces the number of clicks required to browse documents. Some also have dynamic watermarks which display the user’s name and IP address every time they view or download documents.
In addition to increasing productivity through collaboration tools, certain VDRs make it simple to import data from other tools and move projects into the platform with their folder structure intact. This is particularly useful in the case of migrations or combining multiple digital tools into a single system. Certain VDRs also offer an annual subscription for unlimited instead of a one-time transaction. This improves the predictability of budgets as well as return on investment.
For the complete list of features and more, check out Digify’s full VDR solution. Start by signing up for a free trial to experience the power of serious sharing. Contact us to schedule an introduction to our revolutionary VDR designed with your business in the mind.