Virtual data rooms (VDRs) are secure platforms to share and store important project documentation. They are typically used to conduct due diligence during M&A litigation, lawsuits, patent management real estate transactions, case management of files, and much more.
VDRs protect sensitive information by granting strict permissions, making sure that no one will see your files unless you specifically want them to. They can also assist in compliance with regulations, because of the precise activity tracking and custom reports.
When selecting a VDR to use, pick one that has features that are relevant to your particular project and the industry in which you operate. For instance some VDRs come with the «favorites» feature that allows users to mark files and folders as favorites to make them easier to access. Some VDRs feature infinite scrolling, which can reduce the number clicks needed to review documents. Some are dynamic watermarks that display the user’s name and IP address every time they open or download a document.
In addition to increasing productivity by utilizing collaboration tools, certain VDRs make it simple to import data from other tools and then transfer projects to the platform with their folder structure intact. This is especially useful in the case of migrations or combining digital tools into one platform. Some VDRs also provide an annual subscription with unlimited usage instead of a single transaction. This increases budget predictability and ROI.
For a complete list of features and more, take a look at Digify’s comprehensive VDR solution. Start your free trial to discover the power of serious sharing. Contact us to arrange a demonstration of our innovative VDR designed with your company in the mind.
