What Are Virtual Data Rooms?
Virtual data rooms are secure platforms which allow you to share and save important project documentation. They are frequently employed for due diligence during M&A litigation, lawsuits, patent management real estate transactions, case management of files, and much more.
VDRs are designed to protect sensitive information by restricting access to it. This guarantees that no one will view your files other than you. They can also assist with compliance with regulations, thanks to detailed activity tracking and customizable reports.
When choosing a VDR choose one that has features that fit your project and industry needs. For instance some VDRs have a “favorites” feature that allows users to mark folders and files as favorites for easier access. Others offer infinite scrolling which drastically reduces the number of clicks needed to review documents. Some documents have dynamic watermarks which display the IP address of the user as well as their name when they view or save documents.
In addition to boosting productivity by utilizing collaboration tools, certain VDRs enable users to import data from other software and transfer projects into the platform with their folder structure intact. This is especially useful during migrations or when consolidating digital tools into a single system. Additionally, some VDRs offer an annual, unlimited-use contract as opposed to a single use transaction to increase budget predictability and boost ROI.
Digify’s VDR solution is comprehensive and includes a full list of features. Start with a free 30 day trial to test the potential of sharing. Contact us for an introduction to our revolutionary VDR created with your business in mind.
