Virtual data rooms are secure systems that let you share and archive important documentation for your project. They are utilized for due diligence in M&A transactions, litigation, real estate transactions, and for managing case files.
VDRs are designed to guard sensitive data through strict permissions. This guarantees that no one will view your files, unless you. They also assist with compliance with the law through thorough monitoring of activity and customizing reports.
When selecting the best VDR be sure to choose one that has features that fit your project and industry needs. Certain VDRs, like include an “favorites feature that allows users to mark files and folders as favorites to make it easier to access. Certain VDRs allow infinite scrolling that reduces the number of clicks required to look over documents. Some documents have dynamic watermarks which display the user’s IP address and name when they view or save a document.
Some VDRs not only boost productivity with collaboration tools they also allow users to import projects and data from other tools into the platform, while maintaining their folder structure. This is particularly helpful during migrations or when consolidating digital tools into one system. Some VDRs also provide an unlimited annual subscription in lieu of a one-time transaction. This can help improve budget predictability and return on investment.
For a complete list of features and more, check out Digify’s comprehensive VDR solution. Start your free trial to get the benefits of serious sharing. Contact us to arrange a demonstration of our innovative VDR solution designed specifically for your business.