Virtual data rooms (VDRs) are secure platforms for sharing and storing important project documents. They are used for due diligence in M&A transactions, litigation, real property transactions, and the management of case files.
VDRs are designed to guard sensitive data by granting strict permissions. This guarantees that no one will see your files except you. They also aid in compliance with regulations through precise monitoring of activity and customizing reports.
When selecting when choosing a VDR, look for one that has features that fit your business and needs. Some VDRs, for instance include a “favorites feature” that allows users to mark files and folders as favorites for faster access. Others have infinite scrolling that greatly reduces the number clicks required to review documents. Additionally, some of them are dynamic watermarks that display the user’s name and IP address when they download or view a document.
In addition to increasing productivity through collaboration tools, some VDRs make it easy to import data from other tools and then transfer projects into the platform keeping their folder structure intact. This is particularly helpful in the case of migrations or combining digital tools into a single system. Some VDRs also provide an annual subscription for unlimited in lieu of a one-time transaction. This helps to improve the predictability of budgets and return on investment.
Digify’s VDR solution is a complete solution and comes with an extensive list of features. Start your free trial to experience the power of serious sharing. Contact us to schedule an overview of our unique VDR designed with your business in mind.