Virtual data rooms (VDRs) are secure platforms for sharing and storing critical project documentation. They are commonly used to conduct due diligence during M&A, lawsuits, patent management real estate transactions, case management of files, and much more.
VDRs protect sensitive information through strict permissions, making sure that nobody can access your files, unless you allow them to. They also aid in compliance with regulations through precise monitoring of activity and customizing reports.
When choosing the right VDR be sure to choose one with features that support your specific industry and project requirements. Some VDRs, such as, have features like a “favorites feature that enables users to mark folders and files as favorites for quicker access. Some VDRs offer infinite scrolling, which reduces the number clicks needed to review documents. Some documents have dynamic watermarks, which display the IP address of the user as well as their name whenever they open or save the document.
Some VDRs do not just boost productivity with collaboration tools, they also allow users to import data and projects from other platforms into the platform, while keeping their folder structure intact. This is especially useful during migrations and when combining multiple digital tools into a single system. Some VDRs also provide an unlimited annual subscription instead of a one-time transaction. This helps to improve the predictability of budgets as well as ROI.
Digify’s VDR solution is comprehensive and offers a full list of features. Get started with a free trial to experience the power of serious sharing. Then, contact us to request a demonstration of our revolutionary VDR solution made specifically for your business.