Virtual data rooms (VDRs) are secure platforms for sharing and storing crucial project documentation. They are utilized for due diligence in M&A transactions, litigation, real property transactions, and for managing case files.
VDRs safeguard sensitive information with strict permissions that ensure that no one will see your files unless you wish them to. They can also assist in regulatory compliance, because of the precise activity tracking and customizable reports.
When selecting the VDR to use, pick one with features that are relevant to your particular project and the industry in which you operate. Some VDRs, such as include an “favorites feature that enables users to mark files and folders as favorites to make it easier to access. Some VDRs offer infinite scrolling that reduces the number clicks needed to look over documents. Some have dynamic watermarks that show the user’s name and IP address when they open or download the document.
Some VDRs not only boost productivity through collaboration tools, but also make it easy to import data and projects from other platforms into the platform while maintaining their folder structure. This is particularly beneficial for transferring projects or consolidating digital tools into one platform. Additionally, some VDRs offer an annual, unlimited-use subscription as opposed to a single use transaction to increase budget predictability and improve ROI.
Digify’s VDR solution is comprehensive and includes the full range of features. Start with a no-cost trial to experience the power of serious sharing. Contact us to arrange an opportunity to demonstrate our innovative VDR created with your business in the mind.