Virtual data rooms (VDRs) are secure platforms for sharing and storing critical project documents. They are used to perform due diligence in M&A transactions as well as litigation, real estate transactions, and for managing case files.
VDRs secure sensitive information with strict permissions, ensuring no one is able to access your files unless you specifically want them to. They also help with regulatory compliance through detailed activity tracking and customizable reports.
When choosing the best VDR be sure to choose one with features that are compatible with your specific industry and project requirements. Some VDRs, for example, have features like a “favorites’ feature that allows users to mark folders and files favorites to facilitate faster access. Some VDRs have infinite scrolling, which decreases the number of clicks required to go through documents. Some documents have dynamic watermarks that show the user’s IP address and name when they view or save a document.
Alongside boosting productivity through collaboration tools, certain VDRs enable users to import data from other software and transfer projects into the platform keeping their folder structure intact. This is particularly useful in the case of migrations or combining multiple digital tools into one system. Certain VDRs also offer an unlimited annual subscription as opposed to a one-time transaction. This helps to improve the predictability of budgets and ROI.
Digify’s VDR solution is comprehensive and offers the full range of features. Start with a no-cost 30-day trial to see the potential of sharing. Contact us to arrange a demonstration of our innovative VDR developed with your business in the mind.
