Virtual data rooms are secure systems that let you share and save important documents for your project. They are utilized for due diligence in M&A transactions as well as litigation, real estate transactions, and for managing case files.
VDRs safeguard sensitive information with strict permissions, which ensure that nobody can access your files, unless you allow them to. They also assist with compliance with regulations through precise activity tracking and custom-designed reporting.
When choosing the VDR to use, pick one that offers features that are relevant to your project and the industry you work in. For instance certain VDRs offer a “favorites” feature that allows users to mark files and folders as favorites to facilitate access. Some have infinite scrolling, which drastically reduces the number of clicks required for reviewing documents. Certain documents feature 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 with collaboration tools, certain VDRs make it simple to import data from other software and transfer projects into the platform keeping their folder structure intact. This is especially useful during migrations or when consolidating digital tools into one system. In addition, some VDRs provide an annual, unlimited-use contract as opposed to a single use transaction to help increase budget predictability and boost ROI.
For an exhaustive list of features and more, check out Digify’s complete VDR solution. Start with a no-cost 30-day trial to see the power of sharing. Contact us today to arrange an introduction to our revolutionary VDR created with your business in the mind.
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